Bank of America plans to deploy $250 billion toward U.S. digital and infrastructure projects by July 2027, adding to a growing push by Wall Street’s largest banks to channel unprecedented amounts of private capital into the facilities needed to support artificial intelligence, energy production, and broader economic growth.
The bank said Wednesday that its new “Critical Infrastructure Finance Initiative” will provide lending, investments, capital markets services, banking and advisory support for projects considered important to the U.S. economy.
The initiative, launched following the country’s 250th anniversary celebrations, will focus on infrastructure that Bank of America says is essential to meeting rising demand for computing capacity, electricity and transportation while supporting long-term economic expansion.
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The $250 billion target covers an 18-month period from Jan. 1, 2026, through July 4, 2027. Bank of America said the financing could support tens of thousands of jobs as new infrastructure is developed across the country.
The initiative highlights the important role major banks are seeking to play in financing the physical infrastructure behind the AI boom. The rapid construction of data centers has created enormous demand for computing facilities, power generation, electricity transmission, and energy storage, while the expansion of advanced manufacturing has increased demand for critical minerals and related infrastructure.
“Meeting America’s growing infrastructure needs requires mobilizing capital at scale across increasingly interconnected sectors,” Karen Fang, Bank of America’s global head of infrastructure and sustainable finance, said in a statement.
“Delivering these projects requires integrated financing solutions spanning corporate and project-level capital in both public and private markets.”
Bank of America’s plan will concentrate on three broad categories.
The first is digital infrastructure, including data centers and computing facilities. The second covers energy and power infrastructure, including renewable generation and energy-storage projects. The third encompasses core infrastructure such as transportation and natural gas.
The strategy comes as the U.S. faces a growing financing requirement for the physical assets needed to support the country’s technology expansion. AI companies and cloud providers are committing billions of dollars to data centers, but those facilities require substantial investments in electricity generation, transmission, and other supporting infrastructure before they can begin operating.
The scale of those requirements is reshaping the financing market.
Morgan Stanley said days ago that it plans to facilitate roughly $1.5 trillion in technology and infrastructure projects over the next decade. JPMorgan Chase launched a $1.5 trillion initiative last year to facilitate, finance and invest in industries it considers critical to U.S. national security and economic resilience, including defense, energy and advanced manufacturing.
Bank of America’s $250 billion commitment is smaller in absolute terms, but its shorter 18-month timeframe represents a substantial planned deployment of capital. The bank expects the financing to span multiple stages of infrastructure development.
Fang said many projects require significant capital to build facilities before they begin generating revenue.
Construction loans for U.S. infrastructure projects typically run for five to seven years, she said. Once projects are completed and operational, they can be refinanced through longer-term debt with maturities of 10, 15 or 20 years. That financing structure could allow banks to participate throughout the infrastructure lifecycle, from initial construction through refinancing after projects become operational.
Fang also left open the possibility that Bank of America’s financing could exceed the $250 billion target after July 2027.
“If we all do our job right, we should be deploying more capital,” she said when asked whether the bank could increase its deployment beyond the initial period.
The views appear to emanate from how banks view infrastructure finance. The surge in AI investment is creating demand not only for chips and software but also for physical assets that require large amounts of capital and years to build.
Data centers, for example, require land, buildings, specialized computing equipment and reliable power supplies. As electricity demand rises, developers also need new generation capacity, transmission infrastructure and storage systems. These interconnected requirements create opportunities for financial institutions capable of arranging debt, equity and capital-markets financing across multiple parts of a project.
Bank of America expects that spending on infrastructure will have effects beyond individual projects, with construction activity supporting employment while completed infrastructure improves productive capacity.
“Infrastructure spending will lead to economic growth and prosperity,” Fang said.
The latest commitments from Bank of America, Morgan Stanley and JPMorgan Chase show that Wall Street is positioning itself at the center of what could become one of the largest infrastructure investment cycles in decades.
The competition among banks also reveals the changing economics of the AI boom. The technology industry’s expansion increasingly depends on access to physical infrastructure, making financing capacity a critical component of the race to build AI systems and the energy networks required to operate them.