Biden infrastructure plan boosts equipment ABS outlook

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By Jennifer Kang
15 Apr 2021

The $2tr infrastructure plan proposed by president Joe Biden is now under review in Congress, where it is expected to go through a process that will reduce its scope and size. The comprehensive terms of the bill include plans to create millions of jobs in agriculture and construction, which will serve as a boon to the equipment ABS sector.

The plan aims to deploy $2tr across various sectors including infrastructure, agriculture/conservation and buildings.

Most notably, the Biden administration proposes to “create millions of good, union jobs rebuilding America’s crumbling infrastructure — from roads and bridges to green spaces and water systems to electricity grids ...

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