07/07/2021

Paving the Way for a U.S. Infrastructure Supercycle

The old-fashioned infrastructure could deliver an outsized economic impact

After decades of underinvestment, U.S. roads, bridges, ports, airports and transit systems could be closer to their own shot in the arm, with the introduction of the Biden administration's ambitious infrastructure package.

Despite the greater focus on elements related to clean energy and electric vehicles, the old-fashioned infrastructure and building materials—think concrete and asphalt roads, steel for bridges—could deliver an outsized economic impact.

"An infrastructure package could catapult building materials into a supercycle similar to the 1950s," said Morgan Stanley Equity Analyst Nikolaj Lippmann. "We are 10 years into the current construction cycle, exiting a recession and potentially facing a government-underwritten cycle of another 10 years."

Please select this link to read the complete article from OSAE Member Morgan Stanley.