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Industry News / Infrastructure Funding

February 27, 2020

U.S. Development Finance Corporation : Up, Running and Ready to Build

By Dan Hilton

As a result of the BUILD Act, (Better Utilization of Investments Leading to Development) the capabilities of OPIC and USAID’s Development Credit Authority (DCA) were combined into a new organization, the US Development Finance Corporation (DFC). This new entity, America’s development bank, is expected to strengthen and modernize American development finance.

Partnering with the Colombian Embassy, DFC staff shared with member firms their plans for investing millions in the Latin American region and the new tools available to increase business opportunities for A/E firms.

In addition to OPIC and DCA’s previous capabilities, DFC is now equipped with new resources to multiply its impact, which includes a doubling of its investment cap of $60 billion, as well as new financial tools such as equity investments, technical assistance, and feasibility studies to more proactively address development needs.

Prioritizing energy and infrastructure, the DFC will invest in priority regions such as Latin America, Africa and the Indo-Pacific region, where significant A/E opportunities exist for ACEC member firms.

Learn more about the changes at the DFC here and their active projects here.

Dan Hilton is ACEC Director Procurement Advocacy and International Affairs.

All comments to blog posts will be moderated by ACEC staff.

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February 27, 2020



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