About $110 billion of the bill will be used for roads, bridges, and other projects. That’s good news for companies such as Vulcan Materials (VMC), Nucor (NUE), and US Steel (X).
It will also set aside $66 billion to upgrade passenger and freight trains, and according to Newsweek, will help eliminate Amtrak’s maintenance backlog. This should be good news for stocks including Norfolk Southern (NSC) and CSX Corporation (CSX).
The bill will also include $7.5 billion for EV charging stations, which should benefit stocks such as Chargepoint (CHPT) and Blink Charging (BLNK). Another $73 billion could be spent on power grid infrastructure. Microgrid stocks like CleanSpark (CLSK) could benefit.
Another $55 billion will be used to improve water infrastructure, including the replacement of lead pipes. This could be beneficial for ETFs such as the Invesco S&P 500 Global Water Index (CGW), which according to Invesco, “is based on the S&P Global Water Index (Index). The Index is comprised of developed market securities including water utilities, infrastructure, equipment, instruments and materials.”
The bill will also include $17 billion for port infrastructure, and another $25 billion for airports, as also noted by Newsweek.
However, according to The Wall Street Journal, “The bill still faces a potentially rocky path in the House. House Speaker Nancy Pelosi (D., Calif.) has said the chamber won’t take it up until the Senate also passes a separate $3.5 trillion antipoverty and climate plan, a challenging negotiation of its own that could take months.”
It’ll be interesting to see how this all plays out. You’ve got to love politics.
The post Here’s What’s in the Infrastructure Bill appeared first on Morningology.
