BlackRock CEO sees upside in Trump’s U.S. infrastructure plans

BlackRock Inc (BLK.N) CEO Larry Fink seems optimistic about the potential for a $1 trillion infrastructure plan under the new administration of U.S. President-elect Donald Trump. “Within the U.S. alone, markets are anticipating up to $1 trillion of domestic infrastructure investments over the next few years,” he said on a call discussing the company’s 2016 earnings with analysts on Friday. “We all know we desperately need those investments.” The benefits might also trickle down to his company’s own bottom line. BlackRock has been building up its own infrastructure unit, started in 2011. It works on public-private partnerships globally, and on complex endeavors that can range from wind farms to transportation projects, financed by equity or debt.

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