Infrastructure has been an investable theme ever since the U.S. Congress passed the Infrastructure Investment and Jobs Act (IIJA) in November 2021. At that time, opportunistic investors could have parked money into the Global X U.S. Infrastructure Development ETF (BATS: PAVE) and generated a total return of over 96%.
According to the U.S. Department of Transportation, in early 2025, only about $400-$450 billion of the $1.2 trillion from the bill had been announced or awarded. That leaves hundreds of billions still waiting to enter the economy over the next decade. Keep in mind that this is the kind of spending that generally gets bipartisan support. After all, rebuilding roads and bridges creates jobs.
