Bentley Infrastructure 500 2019 Edition Top Owners About Bentley Systems
Bentley is a global leader in providing architects, engineers, geospatial professionals, constructors, and owner-operators with comprehensive software solutions for advancing the design, construction, and operations of infrastructure. 2019 Bentley Infrastructure 500 Top Owners Ranking
The Bentley Infrastructure 500 is a ranking of the top owners of infrastructure around the world from both the public and private sectors that is published annually. The rankings make it possible to readily compare investment levels across types of infrastructure, regions of the world, and public and private organizations.
Bentley Systems has compiled the Bentley Infrastructure 500 to help global constituents appreciate and explore the magnitude of investment in infrastructure and the potential to continually increase the return on that investment. The BI 500 ’s value, at over USD 17.3 trillion, is about equal to the combined 2019 GDPs of China and India. Bentley is committed to increasing infrastructure investment returns through BIM advancements that enhance project delivery and asset performance.
Infrastructure Value* Headquarters Rank Owner (millions USD) Country
1 UNITED STATES GOVERNMENT $509,300 United States
2 EXXONMOBIL $247,101 United States
3 ROYAL DUTCH SHELL $223,175 Netherlands
4 SURGUTGAZPROM $198,781 Russia
5 CHEVRON $169,207 United States
6 ELECTRICITE DE FRANCE $162,711 France
7 PETROBRAS $157,408 Brazil
8 HIGHWAYS ENGLAND $147,667 United Kingdom
9 STATE OF CALIFORNIA $144,635 United States
10 STATE OF TEXAS $144,400 United States
11 KOREA ELECTRIC POWER $136,721 South Korea
12 BP AMOCO $132,602 United Kingdom
13 DEPARTMENT OF LAND INFORMATION (AUSTRALIA) $132,064 Australia
14 AT&T $131,473 United States
15 PETROLEOS DE VENEZUELA $125,984 Venezuela
16 CHINA NATIONAL PETROLEUM $124,764 China
17 ROSNEFT $121,562 Russia
18 TOTAL $113,324 France
19 WAL-MART STORES $111,395 United States
20 CHINA MOBILE $107,789 China
21 MINISTERIE VAN FINANCIEN (NETHERLANDS) $107,737 Netherlands
22 SAUDI ELECTRICITY $107,683 Saudi Arabia
23 STATE OF NEW YORK $106,245 United States
24 SAMSUNG ENGINEERING $103,448 South Korea
25 CHINA SOUTHERN POWER GRID $98,300 China
WWW.BENTLEY.COM *As measured by reported net tangible fixed assets. 3 Infrastructure Value* Headquarters Rank Owner (millions USD) Country
26 TOYOTA $96,335 Japan
27 TRANSPORT FOR NEW SOUTH WALES $95,437 Australia
28 DAIMLER $92,086 Germany
29 DUKE ENERGY $91,694 United States
30 NETWORK RAIL (UNITED KINGDOM) $90,193 United Kingdom
31 DEPARTMENT OF MINERAL RESOURCES (SOUTH AFRICA) $90,102 South Africa
32 STATE OF FLORIDA $89,530 United States
33 VERIZON $89,286 United States
34 ENEL $87,743 Italy
35 CHINA PETRO $86,461 China
36 GOVERNMENT OF ONTARIO $83,307 Canada
37 GENERAL MOTORS $82,317 United States
38 NTT DATA $81,256 Japan
39 SOUTHERN COMPANY SERVICES $80,797 United States
40 TOKYO ELECTRIC POWER SERVICES $77,480 Japan
41 EXELON $76,707 United States
42 RESEAU FERRE DE FRANCE $73,234 France
43 MINISTRY OF DEFENCE (UNITED KINGDOM) $70,882 United Kingdom
44 PEMEX $70,861 Mexico
45 NEXTERRA ENERGY $70,334 United States
46 CHINA TELECOM $69,231 China
47 RODAMCO SVERIGE $69,187 France
48 ENI $69,046 Italy
49 ENBRIDGE (CANADA) $68,844 Canada
50 IBERDROLA $68,216 Spain
51 PETROLIAM NASIONAL BERHAD $67,582 Malaysia
52 BROOKFIELD ASSET MANAGEMENT $67,294 Canada
53 JARDINE ENGINEERING $67,084 Hong Kong
54 VOLKSWAGEN $65,986 Germany
55 SAN JUAN COAL $65,565 Australia
56 KUWAIT NATIONAL PETROLEUM $65,484 Kuwait
57 RELIANCE INDUSTRIES $65,320 India
58 FORD MOTOR $65,297 United States
59 STATOIL $65,262 Norway
60 BURLINGTON NORTHERN SANTA FE RAIL $63,185 United States
61 COMISION FEDERAL DE ELECTRICIDAD (MEXICO) $63,178 Mexico
62 AMAZON $61,797 United States
63 SWISS FEDERAL INSTITUTE OF TECHNOLOGY $60,776 Switzerland
64 GOOGLE $59,719 United States
65 NEW YORK CITY HOUSING AUTHORITY $59,423 United States
66 PACIFIC GAS & ELECTRIC $59,347 United States
67 CHINA NATIONAL OFFSHORE OIL $59,044 China
68 GOVERNMENT OF HONG KONG $58,541 China
69 DEUTSCHE TELEKOM $57,973 Germany
4 WWW.BENTLEY.COM *As measured by reported net tangible fixed assets. Infrastructure Value* Headquarters Rank Owner (millions USD) Country
70 NATIONAL GRID SERVICE $57,106 United Kingdom
71 GLENCORE INTERNATIONAL $56,770 Switzerland
72 RIO TINTO $56,361 Australia
73 EAST JAPAN RAILWAY $56,191 Japan
74 CHINA UNICOM $55,914 China
75 ENGIE $55,862 France
76 INDIAN RAILWAYS $55,692 India
77 GOVERNMENT OF CANADA $55,561 Canada
78 LUKOIL $55,119 Russia
79 AMERICAN ELECTRIC POWER $55,099 United States
80 DOMINION ENERGY $54,560 United States
81 SUNCOR ENERGY $54,428 Canada
82 STATE OF NORTH CAROLINA $53,661 United States
83 UNION PACIFIC RAILROAD $52,679 United States
84 ENERGY TRANSFER PARTNERS $50,917 United States
85 TAIWAN POWER $50,908 Taiwan
86 TEMASEK HOLDINGS $50,875 Singapore
87 CANADIAN MINISTRY OF NATURAL RESOURCES $50,122 Canada
88 GENERAL ELECTRIC COMPANY $49,839 United States
89 STANFORD UNIVERSITY $49,462 United States
90 HYDRO-QUEBEC $49,353 Canada
91 INTEL $48,976 United States
92 FERROVIE DELLO STATO $48,839 Italy
93 TRANSCANADA PIPELINES $48,752 Canada
94 VALE $48,392 Brazil
95 NISSAN $47,834 Japan
96 CANADIAN NATURAL RESOURCES $47,327 Canada
97 KANSAI ELECTRIC POWER $47,040 Japan
98 CHINA THREE GORGES $46,245 China
99 CITY OF LOS ANGELES $45,795 United States
100 CONOCOPHILLIPS $45,698 United States
101 MARATHON PETROLEUM $45,058 United States
102 RUSSIAN RAILWAYS $44,892 Russia
103 COMCAST $44,437 United States
104 STATE OF WASHINGTON $44,379 United States
105 TRANSPORT FOR LONDON $43,833 United Kingdom
106 SWISS FEDERAL RAILWAYS $43,762 Switzerland
107 SAUDI ARABIA BASIC INDUSTRIES $43,641 Saudi Arabia
108 ESKOM $43,275 South Africa
109 CENTRAL JAPAN RAILWAY $42,433 Japan
110 INDUSTRIAL & COMMERCIAL BANK OF CHINA $42,376 China
111 DEPARTMENT OF TRANSPORT AND MAIN ROADS (AUSTRALIA) $42,339 Australia
112 METROPOLITAN TRANSPORTATION AUTHORITY (NEW YORK) $41,988 United States
113 CONSOLIDATED EDISON $41,749 United States
WWW.BENTLEY.COM *As measured by reported net tangible fixed assets. 5 Infrastructure Value* Headquarters Rank Owner (millions USD) Country
114 CHINA GENERAL NUCLEAR POWER $41,650 China
115 EDISON $41,348 United States
116 APPLE $41,304 United States
117 SHENHUA $41,195 China
118 HUANENG POWER $41,052 China
119 TRAFIKVERKET $40,764 Sweden
120 CHINA NATIONAL NUCLEAR $40,084 China
121 GOVERNMENT OF ALBERTA $39,826 Canada
122 COMMONWEALTH OF PENNSYLVANIA $39,451 United States
123 ENTERPRISE PRODUCTS PARTNERS $38,738 United States
124 TELEFONICA DE ESPANA $38,123 Spain
125 KINDER MORGAN $37,897 United States
126 XCEL ENERGY $36,944 United States
127 MITSUBISHI $36,856 Japan
128 SOUTHERN CALIFORNIA GAS $36,796 United States
129 SOFTBANK $36,699 Japan
130 CHUBU PLANT SERVICE $36,242 Japan
131 MICROSOFT $36,146 United States
132 GOVERNMENT OF BRITISH COLUMBIA $35,992 Canada
133 OIL & NATURAL GAS (INDIA) $35,853 India
134 MAIN ROADS WESTERN AUSTRALIA $35,678 Australia
135 TRANSNEFT $35,657 Russia
136 TIME WARNER CABLE $35,126 United States
137 TAIWAN SEMICONDUCTOR $34,883 Taiwan
138 ROADS SERVICE (NORTHERN IRELAND) $34,741 United Kingdom
139 PPL $34,458 United States
140 ARCELORMITTAL STEEL $34,372 Luxembourg
141 PSE & G $34,363 United States
142 INTERNATIONAL PETROLEUM INVESTMENT $34,345 United Arab Emirates
143 PTT (THAILAND) $34,335 Thailand
144 STATE OF GEORGIA $34,081 United States
145 NTPC (INDIA) $33,990 India
146 BANQUE PARIBAS $33,914 France
147 COMMONWEALTH OF VIRGINIA $33,355 United States
148 KYUSHU ELECTRIC POWER $33,266 Japan
149 STATE OF MISSOURI $33,141 United States
150 DEUTSCHE BAHN $32,787 Germany
151 GUODIAN UNITED POWER TECHNOLOGY $32,765 China
152 AMERICA MOVIL PERU $32,516 Mexico
153 UNIVERSITY OF CALIFORNIA $32,325 United States
154 ENTERGY $32,279 United States
155 PORT AUTHORITY OF NEW YORK & NEW JERSEY $32,107 United States
156 CSX TRANSPORTATION $31,998 United States
157 SUMITOMO HEAVY INDUSTRIES $31,824 Japan
6 WWW.BENTLEY.COM *As measured by reported net tangible fixed assets. Infrastructure Value* Headquarters Rank Owner (millions USD) Country
158 FRANCE TELECOM $31,709 France
159 CHINA DATANG TECHNOLOGIES & ENG $31,528 China
160 AUCKLAND COUNCIL $31,500 New Zealand
161 OCCIDENTAL CHEMICAL $31,437 United States
162 SK HYNIX $31,318 South Korea
163 NORFOLK SOUTHERN $31,091 United States
164 STATE OF MARYLAND $31,048 United States
165 MITSUI FUDOSAN $30,926 Japan
166 VODAFONE $30,820 United Kingdom
167 FEDERAL GOVERNMENT OF MEXICO $30,612 Mexico
168 JX NIPPON OIL & ENERGY $30,487 Japan
169 DUBAI ELECTRICITY & WATER AUTHORITY $30,414 United Arab Emirates
170 HANDAN IRON & STEEL $30,372 China
171 STATE OF TENNESSEE $30,232 United States
172 FIAT $30,122 Netherlands
173 STATE OF ARIZONA $30,118 United States
174 PROLOGIS $30,043 United States
175 FIRSTENERGY $29,911 United States
176 STATE OF WISCONSIN $29,873 United States
177 PRAXAIR $29,717 United States
178 JAPAN POST $29,693 Japan
179 POWER GRID CORPORATION OF INDIA $29,585 India
180 WALT DISNEY $29,540 United States
181 NIPPON STEEL $29,270 Japan
182 TOHOKU ELECTRIC POWER $29,260 Japan
183 REPSOL $29,119 Spain
184 SONELGAZ $28,893 Algeria
185 JSC HOLDING $28,857 Russia
186 VALERO $28,848 United States
187 ANADARKO PETROLEUM $28,615 United States
188 LAFARGE $28,336 France
189 HOLCIM $28,323 Switzerland
190 STATE OF NEW JERSEY $28,239 United States
191 STATE OF OHIO $28,171 United States
192 QATAR PETROLEUM $28,165 Qatar
193 EOG RESOURCES $28,076 United States
194 FREEPORT-MCMORAN G/C $28,010 United States
195 TIAA REAL ESTATE $27,567 United States
196 WILLIAMS GAS PIPELINE $27,504 United States
197 WELLTOWER $27,500 United States
198 TARGET $27,498 United States
199 IKEA $27,456 Netherlands
200 HYUNDAI $27,369 South Korea
201 CHENIERE ENERGY $27,245 United States
WWW.BENTLEY.COM *As measured by reported net tangible fixed assets. 7 Infrastructure Value* Headquarters Rank Owner (millions USD) Country
202 NESTLE $27,090 Switzerland
203 LIDL $27,077 Germany
204 AGUAS ARAUCANIA $27,071 Spain
205 SDIC HUAJING POWER HOLDINGS $26,990 China
206 BOE TECHNOLOGY $26,934 China
207 CARGILL $26,911 United States
208 TENAGA NASIONAL BERHAD $26,903 Malaysia
209 HONDA MOTOR $26,883 Japan
210 POSCO ENGINEERING & CONSTRUCTION $26,754 South Korea
211 VATTENFALL $26,663 Sweden
212 UPS $26,576 United States
213 CENTURYLINK $26,408 United States
214 CITY OF CHICAGO $26,249 United States
215 ECOPETROL $26,212 Colombia
216 SPECTRA ENERGY $26,208 United States
217 ANAS $26,205 Italy
218 CORPORACION NACIONAL DEL COBRE DE CHILE $26,011 Chile
219 EDP PRODUCAO $26,000 Portugal
220 ANHEUSER BUSCH $25,910 Belgium
221 ORIGIN ENERGY $25,745 Australia
222 NORTHEAST UTILITIES $25,610 United States
223 CHINA HUADIAN ENGINEERING $25,337 China
224 OSTERREICHISCHE BUNDESBAHNEN $25,318 Austria
225 TESCO $25,306 United Kingdom
226 STATE OF KENTUCKY $25,291 United States
227 CHINA NATIONAL BUILDING MATERIAL $25,183 China
228 AEON $25,168 Japan
229 CHINA CONSTRUCTION BANK $24,744 China
230 CANADIAN NATIONAL RAILWAY $24,729 Canada
231 STATE OF CONNECTICUT $24,529 United States
232 CITY OF SAN FRANCISCO $24,309 United States
233 CITIC PACIFIC $24,208 China
234 SIMON PROPERTY $24,208 United States
235 FORTISBC ENERGY $23,938 Canada
236 STATE OF MICHIGAN $23,834 United States
237 BASF $23,793 Germany
238 MICRON TECHNOLOGY $23,672 United States
239 DOWDUPONT $23,662 United States
240 NATIONAL LAND SERVICE (LITHUANIA) $23,497 Lithuania
241 ROBERT BOSCH $23,402 Germany
242 BRITISH TELECOM $23,374 United Kingdom
243 KDDI $22,955 Japan
244 CITY OF TORONTO $22,924 Canada
245 MCDONALDS $22,843 United States
8 WWW.BENTLEY.COM *As measured by reported net tangible fixed assets. Infrastructure Value* Headquarters Rank Owner (millions USD) Country
246 AMEREN SERVICES $22,810 United States
247 CHUGOKU ELECTRIC POWER $22,803 Japan
248 STATE OF ILLINOIS $22,748 United States
249 BMW $22,672 Germany
250 A. HAK LEIDINGBOUW $22,660 Netherlands
251 STATE OF ALABAMA $22,605 United States
252 TRANSNET $22,487 South Africa
253 GAS NATURAL (SPAIN) $22,411 Spain
254 HOME DEPOT $22,375 United States
255 CONCHO VALLEY ELECTRIC $22,313 United States
256 LAND HESSEN $22,291 Germany
257 F. HOFFMANN-LA ROCHE $22,157 Switzerland
258 INDIAN OIL $22,126 India
259 WEST JAPAN RAILWAY $22,123 Japan
260 BAOSHAN IRO & STEEL $22,105 China
261 STATE OF COLORADO $22,071 United States
262 COMMONWEALTH EDISON $22,058 United States
263 AIR LIQUIDE GLOBAL $22,039 France
264 WE ENERGIES $22,001 United States
265 SASOL $21,959 South Africa
266 DTE ENERGY $21,650 United States
267 KROGER $21,635 United States
268 AES CORPORATION $21,396 United States
269 TECK $21,364 Canada
270 THAMES WATER UTILITIES $21,353 United Kingdom
271 AGRICULTURAL BANK OF CHINA $21,300 China
272 SURGUTNEFTEGAZ $21,190 Russia
273 CENOVUS ENERGY $21,038 Canada
274 OAO KONTSERN ROSENERGOATOM $20,997 Russia
275 SAUDI ARABIAN MINING $20,993 Saudi Arabia
276 PRORAIL $20,908 Netherlands
277 MGM MIRAGE $20,730 United States
278 INFRABEL $20,687 Belgium
279 E.ON $20,675 Germany
280 PROCTER & GAMBLE $20,600 United States
281 INPEX $20,546 Japan
282 SPRINT $20,538 United States
283 MOSCOW METRO $20,442 Russia
284 TRANSOCEAN OFFSHORE EUROPE $20,408 Switzerland
285 ANGLO OPERATIONS $20,282 United Kingdom
286 VENTAS $20,094 United States
287 HEBEI IRON & STEEL $19,851 China
288 EQUITY PROPERTIES $19,815 United States
289 HCA HOLDINGS $19,757 United States
WWW.BENTLEY.COM *As measured by reported net tangible fixed assets. 9 Infrastructure Value* Headquarters Rank Owner (millions USD) Country
290 TESLA $19,691 United States
291 TATA STEEL $19,689 India
292 COSTCO WHOLESALE $19,681 United States
293 KOREA GAS $19,651 South Korea
294 PACIFICORP $19,591 United States
295 STATE OF MINNESOTA $19,583 United States
296 LOS ANGELES COUNTY $19,519 United States
297 LINDE AG ZENTRALVERWALTUNG $19,366 Germany
298 CITY OF MIAMI $19,320 United States
299 STATE OF UTAH $19,305 United States
300 AIRBUS $19,205 Netherlands
301 SEVEN AND I $19,106 Japan
302 FIRST QUANTUM MINERALS $19,098 Canada
303 CHINA COAL ENERGY $19,095 China
304 WOODSIDE ENERGY $18,997 Australia
305 WESTAR ENERGY $18,952 United States
306 HUSKY OIL OPERATIONS $18,914 Canada
307 TAQA BRATANI $18,912 United Arab Emirates
308 MINISTERIO DE MINAS Y ENERGIA $18,676 Colombia
309 STATE GRID $18,547 China
310 CEZ $18,513 Czech Republic
311 SNAM $18,495 Italy
312 TELECOM ITALIA $18,487 Italy
313 DEPARTMENT OF DEFENCE (AUSTRALIA) $18,461 Australia
314 YPF (ARGENTINA) $18,445 Argentina
315 LOWES $18,432 United States
316 QUADRANT ENERGY $18,421 United States
317 ENERGY DEVELOPMENT $18,419 United States
318 BELL CANADA $18,213 Canada
319 ENBW $18,168 Germany
320 CONSUMERS ENERGY $18,126 United States
321 ELECTRIC POWER DEVELOPMENT $18,102 Japan
322 CRH PUBLIC $18,046 Ireland
323 CLP POWER $18,038 China
324 MITSUBISHI HEAVY INDUSTRIES $17,997 Japan
325 HOUSING NEW ZEALAND $17,961 New Zealand
326 STATE OF SOUTH CAROLINA $17,802 United States
327 KOREA RAILROAD $17,737 South Korea
328 MITSUBISHI HITACHI POWER SYSTEMS $17,641 Japan
329 CITY OF HOUSTON $17,601 United States
330 AVALONBAY COMMUNITIES $17,591 United States
331 PEPSICO $17,589 United States
332 ITAIPU BINACIONAL $17,547 Paraguay
10 WWW.BENTLEY.COM *As measured by reported net tangible fixed assets. Infrastructure Value* Headquarters Rank Owner (millions USD) Country
333 CHINA RESOURCES POWER HOLDINGS $17,529 China
334 NIPPON LIFE INSURANCE $17,486 Japan
335 TENNET TSO $17,426 Netherlands
336 AMERICAN WATER WORKS SERVICE $17,409 United States
337 EQT $17,393 United States
338 OMV SOLUTIONS $17,308 Austria
339 LOUIS VUITTON $17,303 France
340 ENERGY QUEENSLAND $17,281 Australia
341 STATE OF MISSISSIPPI $17,147 United States
342 HOUSING & DEVELOPMENT BOARD (SINGAPORE) $17,094 Singapore
343 JFE ENGINEERING $17,085 Japan
344 JOHNSON & JOHNSON $17,035 United States
345 STATE OF INDIANA $16,791 United States
346 STATE OF ARKANSAS $16,773 United States
347 BOSTON PROPERTIES $16,752 United States
348 INVITATION HOMES $16,698 United States
349 MITSUI & CO $16,605 Japan
350 CHRISTIAN DIOR $16,560 France
351 PGE GORNICTWO I ENERGETYKA $16,473 Poland
352 RENAULT $16,378 France
353 STATE OF LOUISIANA $16,367 United States
354 LAS VEGAS SANDS $16,352 United States
355 TELSTRA $16,340 Australia
356 SCOTTISH & SOUTHERN ENERGY $16,289 United Kingdom
357 AENA DPTO. DE PUBLICACIONES $16,288 Spain
358 TOKYU $16,173 Japan
359 MIDAMERICAN ENERGY $16,159 United States
360 PEUGEOT BELGIQUE-LUXEMBOURG $16,154 France
361 AMERADA HESS $16,083 United States
362 ADMINISTRADOR DE INFRAESTRUCTURAS FERROV $16,082 Spain
363 HANKYU HANSHIN HOLDINGS $16,082 Japan
364 CHINA LONGYUAN POWER $16,031 China
365 STATE OF IOWA $15,878 United States
366 FINANCIERE AGACHE $15,867 France
367 SEAWELL MANAGEMENT $15,730 Bermuda
368 PLAINS GP HOLDINGS $15,718 United States
369 NOVARTIS $15,696 Switzerland
370 ALECTRA UTILITIES $15,646 Canada
371 POWER CONSTRUCTION CORPORATION OF CHINA $15,643 China
372 NISOURCE $15,543 United States
373 VASAKRONAN $15,518 Sweden
374 LOEWS $15,511 United States
375 AUSTRALIAN CAPITAL TERRITORY $15,500 Australia
WWW.BENTLEY.COM *As measured by reported net tangible fixed assets. 11 Infrastructure Value* Headquarters Rank Owner (millions USD) Country
376 ISRAEL ELECTRIC $15,483 Israel
377 VEDANTA RESOURCES $15,458 United Kingdom
378 CHINA ALUMINUM INTERNATIONAL ENGINEERING $15,422 China
379 FORTESCUE METALS $15,332 Australia
380 DENSO $15,236 Japan
381 MITSUBISHI CHEMICAL ENGINEERING $15,176 Japan
382 TERNA QATAR $15,164 Italy
383 LLOYDS BANKING $15,121 United Kingdom
384 PUBLIC SERVICE COMPANY OF COLORADO $15,120 United States
385 WEYERHAEUSER $14,958 United States
386 CORNING $14,895 United States
387 HANSON HEIDELBURG CEMENT $14,841 Germany
388 PIONEER NATURAL RESOURCES $14,839 United States
389 HOKKAIDO POWER ENGINEERING $14,802 Japan
390 ONEOK $14,767 United States
391 EL CORTE INGLES $14,759 Spain
392 TESORO PETROLEUM $14,742 United States
393 FGP TOPCO $14,738 United Kingdom
394 UNITED UTILITIES $14,617 United Kingdom
395 VISTRA $14,612 United States
396 LOS ANGELES UNIFIED SCHOOL DISTRICT $14,541 United States
397 STATE OF OREGON $14,504 United States
398 CARREFOUR $14,469 France
399 J.P. MORGAN CHASE BANK $14,321 United States
400 RWE $14,208 Germany
401 GLAXOSMITHKLINE $14,177 United Kingdom
402 BANK OF CHINA $14,091 China
403 CENTERPOINT ENERGY GAS BUSINESS $14,044 United States
404 HEATHROW AIRPORT $14,021 United Kingdom
405 DEVON ENERGY $13,935 United States
406 WALGREENS $13,911 United States
407 ANTARCHILE $13,900 Chile
408 STATE OF KANSAS $13,883 United States
409 LIBERTY GLOBAL $13,879 United States
410 CONTINENTAL RESOURCES $13,870 United States
411 ANTERO RESOURCES APPALACHIAN $13,870 United States
412 STATE OF HAWAII $13,797 United States
413 PINNACLE WEST CAPITAL $13,767 United States
414 EMERA $13,717 Canada
415 SYDNEY WATER $13,654 Australia
416 OSPREY $13,583 United Kingdom
417 CATERPILLAR $13,574 United States
418 ANGLIAN WATER SERVICES $13,572 United Kingdom
12 WWW.BENTLEY.COM *As measured by reported net tangible fixed assets. Infrastructure Value* Headquarters Rank Owner (millions USD) Country
419 STOCKHOLMS STAD $13,536 Sweden
420 CPC $13,536 Taiwan
421 BRISBANE CITY COUNCIL $13,519 Australia
422 FEDERAL GRID CO OF UNIFIED ENERGY SYS $13,492 Russia
423 INTERNATIONAL PAPER $13,469 United States
424 LYONDELLBASELL POLYLEFINE $13,402 Netherlands
425 CITY OF CHARLOTTE $13,400 United States
426 PFIZER $13,385 United States
427 KANSAI INTERNATIONAL AIRPORT $13,380 Japan
428 MIGROS $13,340 Switzerland
429 MERCK & COMPANY $13,291 United States
430 HSBC $13,264 Hong Kong
431 BRIDGESTONE $13,249 Japan
432 HERTZ GLOBAL HOLDINGS $13,197 United States
433 SIEMENS $13,175 Germany
434 MTR $13,119 China
435 ATCO TECHNOLOGY MANAGEMENT $13,097 Canada
436 JAPAN NUCLEAR FUEL $13,076 Japan
437 KIA MOTORS $13,066 Republic of Korea
438 VORNADO REALTY TRUST $13,058 United States
439 MICHELIN $13,029 France
440 SAINT GOBAIN $12,979 France
441 POTASHCORP $12,971 Canada
442 SPARKASSE PFORZHEIM CALW $12,963 Germany
443 TARGA RESOURCES $12,928 United States
444 SAINSBURY $12,915 United Kingdom
445 LOTTE SHOPPING $12,908 South Korea
446 ENBRIDGE ENERGY PARTNERS $12,896 United States
447 TOKYO GAS ENGINEERING $12,853 Japan
448 BARRICK GOLDSTRIKE MINES $12,826 Canada
449 KINTETSU ENGINEERING $12,688 Japan
450 HELLENIC RAILWAYS ORGANIZATION $12,657 Greece
451 CITY OF ATLANTA $12,629 United States
452 ENSCO $12,616 United Kingdom
453 GOLDCORP $12,596 Canada
454 CHINA STEEL $12,499 China
455 ALLIANT ENERGY $12,462 United States
456 CALPINE $12,442 United States
457 SK INNOVATION $12,367 Republic of Korea
458 PUBLIC POWER (GREECE) $12,318 Greece
459 NEWMONT GOLD $12,258 United States
460 ELECTRICITY GENERATION AUTHORITY OF THAILAND $12,248 Thailand
461 STATKRAFT $12,168 Norway
WWW.BENTLEY.COM *As measured by reported net tangible fixed assets. 13 Infrastructure Value* Headquarters Infrastructure Value (USD Millions) and Top Owners by Country Rank Owner (millions USD) Country
462 GROUPE AUCHAN $12,078 France
463 CITY OF PHOENIX $11,966 United States
464 WASTE MANAGEMENT $11,942 United States
465 PANASONIC $11,940 Japan
466 SEVERN TRENT WATER $11,907 United Kingdom
467 RABIGH REFINING AND PETROCHEMICALS $11,899 Saudi Arabia
468 GENERAL GROWTH PROPERTIES $11,843 United States
469 EMIRATES TELECOMMUNICATIONS $11,775 United Arab Emirates
470 KT ENG $11,713 South Korea
471 SCHLUMBERGER $11,679 Netherlands
472 WATER CORPORATION OF WESTERN AUSTRALIA $11,598 Australia
473 HRVATSKE CESTE $11,593 Croatia
474 TOBU RAILWAY $11,587 Japan
475 STICHTING DE ALLIANTIE $11,580 Netherlands
476 STEEL AUTHORITY OF INDIA $11,536 India
477 UNILEVER $11,493 Netherlands
478 CEMEX CENTRAL $11,402 Mexico
479 CVS CAREMARK $11,349 United States
480 SAUDI TELECOM $11,179 Saudi Arabia
481 SOUTH CAROLINA ELECTRIC & GAS $11,067 United States
482 WIENER STADTWERKE HOLDING $11,054 Austria
483 SANOFI AVENTIS $11,050 France
484 CHESAPEAKE ENERGY $10,803 United States
485 IBM $10,792 United States
486 CPMC $10,768 Chile
487 PAN AMERICAN ENERGY $10,762 Argentina
488 JSW STEEL $10,559 India
489 PUGET SOUND ENERGY $10,553 United States
490 ATMOS ENERGY $10,371 United States
491 HOKURIKU ELECTRIC POWER $10,361 Japan
492 CHINA HUANENG $10,324 China
493 YORKSHIRE WATER SERVICES $10,287 United Kingdom
494 HANWHA $10,255 Republic of Korea
495 BAOTOU STEEL $10,177 China
496 HINDALCO INDUSTRIES $10,082 India
497 AGC $10,006 Japan
498 REDESA $9,974 Spain
499 ARCHER DANIELS MIDLAND $9,953 United States
500 RUSHYDRO $9,636 Russia
Disclaimer: These rankings are based on information available to us concerning the tangible fixed assets of each entity. They incorporate discretionary judgments and are necessarily inexact for a number of reasons, including that information publicly available may not be up to date, information is not equally available concerning every entity, values must be converted from different currencies, and in some cases estimated non-infrastructure values must be deducted from overall asset figures to approximate the value of tangible fixed assets. Bentley Systems, Incorporated expressly disclaims all representations and warranties as to the accuracy of the information or its suitability for any purpose. Please visit www.bentley.com/BI500 if you wish to provide new or updated information about your organization for consideration in the 2020 edition of the Bentley Infrastructure 500.
14 WWW.BENTLEY.COM *As measured by reported net tangible fixed assets. Infrastructure InfrastructureValue (USD Millions) Value *USD and Million Top Owners by Country
UNITED STATES $6,320,247 (180)
CHINA $1,404,478 (44)
JAPAN $1,224,201 (38)
UNITED KINGDOM $877,459 (25)
CANADA $851,876 (25)
FRANCE $736,183 (19)
AUSTRALIA $593,871 (16)
RUSSIA $570,625 (16)
NETHERLANDS $516,843 (12)
GERMANY $481,463 (11)
SOUTH KOREA $387,619 (10)
INDIA $294,432 (9)
Top Owners by Sector Infrastructure Value by Sector (USD Millions)
Public 30% Public 34%
Private Private 70% 66%
Top Owners by Infrastructure Type Infrastructure Value by Infrastructure Type
15% 10%
49% 52% 38% 37%
Public Works/Utilities
Industrial/Natural Resources
Commercial/Facilities
WWW.BENTLEY.COM 15 ABOUT THE BENTLEY INFRASTRUCTURE 500 Additional footnotes: The Bentley Infrastructure 500 ranks owners according to • Data sources for this ranking include financial their reported tangible fixed assets (or other comparable statements and third-party data providers. noncurrent physical assets such as buildings or fixed • All values have been translated into U.S. dollars (millions). structures, land, and machinery). Included in the rankings • Majority-owned subsidiaries with parents are public- and private-sector entities with financials already in the rankings have been excluded (unless explicitly reporting separate financials). reported in the past three years (to allow flexibility in varying The Bentley Infrastructure 500 is updated reporting schedules). The values presented are assessed annually. Please visit www.bentley.com/BI500 net of depreciation and amortization and calculated to if you wish to provide new or updated information about your organization for exclude, where data is available, assets not representative of consideration in the 2020 edition infrastructure, such as equipment, furniture, and software. of the Bentley Infrastructure 500.
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