bentley infrastructure
TRANSCRIPT
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.
A b o u t B e n t l e y S y s t e m s
*As measured by reported net tangible fixed assets.WWW.BENTLEY.COM 1
Rank Owner Infrastructure Value* (millions USD)
Headquarters Country
1 UNITED STATES MILITARY $295,400 United States
2 EXXONMOBIL $252,630 United States
3 ROYAL DUTCH SHELL $226,380 Netherlands
4 UNITED STATES CIVILIAN AGENCIES $202,300 United States
5 SURGUTGAZPROM $197,371 Russia
6 CHEVRON OVERSEAS PETROLEUM $177,712 United States
7 PETROBRAS $176,681 Brazil
8 ELECTRICITE DE FRANCE $165,465 France
9 HIGHWAYS ENGLAND $146,414 United Kingdom
10 KOREA ELECTRIC POWER $140,718 South Korea
11 STATE OF CALIFORNIA $140,666 United States
12 ROSNEFT $137,552 Russia
13 STATE OF TEXAS $136,270 United States
14 AUSTRALIA DEPARTMENT OF LAND INFORMATION $130,978 Australia
15 CHINA NATIONAL PETROLEUM $130,382 China
16 BP AMOCO $126,220 United Kingdom
17 PETROLEOS DE VENEZUELA $125,984 Venezuela
18 AT&T $125,222 United States
19 WAL-MART STORES $114,818 United States
20 MINISTERIE VAN FINANCIEN (NETHERLANDS) $111,763 Netherlands
21 CHINA MOBILE $111,515 China
22 TOTAL $109,397 France
23 SAUDI ELECTRICITY $107,682 Saudi Arabia
24 STATE OF NEW YORK $104,831 United States
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 16.1 trillion, is about equal to the combined 2017 GDPs of China and Japan. Bentley is committed to increasing infrastructure investment returns through BIM advancements that enhance project delivery and asset performance.
2 0 1 8 B e n t l e y I n f r a s t r u c t u r e 5 0 0To p O w n e r s R a n k i n g
*As measured by reported net tangible fixed assets.WWW.BENTLEY.COM2
Rank Owner Infrastructure Value* (millions USD)
Headquarters Country
25 SAMSUNG ENGINEERING $104,312 South Korea
26 TOYOTA $96,692 Japan
27 CHINA PETRO $95,252 China
28 NTT DATA $92,486 Japan
29 DAIMLER $90,781 Germany
30 DEPARTMENT OF MINERAL RESOURCES (SOUTH AFRICA) $90,102 South Africa
31 ENEL $89,872 Italy
32 VERIZON $88,568 United States
33 DUKE ENERGY $86,391 United States
34 STATE OF FLORIDA $86,185 United States
35 CHINA SOUTHERN POWER GRID $85,745 China
36 TRANSPORT FOR NEW SOUTH WALES $84,278 Australia
37 SOUTHERN COMPANY SERVICES $79,872 United States
38 TOKYO ELECTRIC POWER SERVICES $79,607 Japan
39 GENERAL MOTORS $79,135 United States
40 SAN JUAN COAL $79,067 Australia
41 NETWORK RAIL $78,194 United Kingdom
42 RESEAU FERRE DE FRANCE $76,957 France
43 GOVERNMENT OF ONTARIO $76,186 Canada
44 ENI $75,745 Italy
45 PETROLIAM NASIONAL BERHAD $74,400 Malaysia
46 EXELON BUSINESS SERVICES $74,202 United States
47 CHINA TELECOM $73,617 China
48 NEXTERRA ENERGY $72,416 United States
49 PEMEX $71,768 Mexico
50 ENBRIDGE EMPLOYEE SERVICES CANADA $71,752 Canada
51 MINISTRY OF DEFENCE (UNITED KINGDOM) $70,882 United Kingdom
52 IBERDROLA $69,438 Spain
53 COMISION FEDERAL DE ELECTRICIDAD $66,743 Mexico
54 VOLKSWAGEN $66,253 Germany
55 KUWAIT NATIONAL PETROLEUM $65,484 Kuwait
56 RELIANCE INDUSTRIES $63,874 India
57 CHINA UNICOM $63,784 China
58 STATOIL $63,636 Norway
59 FORD MOTOR $63,562 United States
60 BURLINGTON NORTHERN SANTA FE RAIL $62,313 United States
61 RIO TINTO $62,093 Australia
62 LUKOIL $62,069 Russia
63 EAST JAPAN RAILWAY $61,218 Japan
64 ENGIE $61,055 France
65 CHINA NATIONAL OFFSHORE OIL $60,340 China
66 SWISS FEDERAL INSTITUTE OF TECHNOLOGY $60,333 Switzerland
67 SUNCOR ENERGY $58,383 Canada
*As measured by reported net tangible fixed assets.WWW.BENTLEY.COM 3
Rank Owner Infrastructure Value* (millions USD)
Headquarters Country
68 GOVERNMENT OF HONG KONG $57,961 China
69 NEW YORK CITY HOUSING AUTHORITY $57,517 United States
70 GLENCORE INTERNATIONAL $57,046 Switzerland
71 VALE CANADA $57,027 Brazil
72 DEUTSCHE TELEKOM $56,221 Germany
73 NATIONAL GRID USA SERVICE $55,550 United Kingdom
74 SHENHUA $54,846 China
75 GENERAL ELECTRIC COMPANY $53,874 United States
76 PACIFIC GAS & ELECTRIC $53,868 United States
77 THE JARDINE ENGINEERING $53,784 Bermuda
78 DOMINION ENERGY $53,758 United States
79 GOVERNMENT OF CANADA $53,007 Canada
80 BROOKFIELD ASSET MANAGEMENT $53,005 Canada
81 TAIWAN POWER $51,992 Taiwan
82 CANADIAN NATURAL RESOURCES $51,772 Canada
83 UNION PACIFIC RAILROAD $51,605 United States
84 STATE OF NORTH CAROLINA $51,153 United States
85 ENERGY TRANSFER PARTNERS $50,917 United States
86 TEMASEK HOLDINGS $50,875 Singapore
87 FERROVIE DELLO STATO $50,697 Italy
88 CANADIAN MINISTRY OF NATURAL RESOURCES $50,553 Canada
89 AMERICAN ELECTRIC POWER $50,262 United States
90 NISSAN $49,587 Japan
91 AMAZON COM $48,866 United States
92 HYDRO-QUEBEC $48,682 Canada
93 DEPARTMENT OF TRANSPORT AND MAIN ROADS (AUSTRALIA) $48,613 Australia
94 THE KANSAI ELECTRIC POWER $47,374 Japan
95 RODAMCO SVERIGE $46,678 France
96 INDIAN RAILWAYS $46,668 India
97 CHINA THREE GORGES $46,245 China
98 STANFORD UNIVERSITY $46,064 United States
99 TRANSPORT FOR LONDON $45,974 United Kingdom
100 CONOCOPHILLIPS $45,683 United States
101 TRANSCANADA PIPELINES $45,501 Canada
102 SAUDI ARABIA BASIC INDUSTRIES $44,575 Saudi Arabia
103 STATE OF WASHINGTON $43,621 United States
104 HUANENG POWER INTERNATIONAL $43,543 China
105 CITY OF LOS ANGELES $43,371 United States
106 SWISS FEDERAL RAILWAYS $42,899 Switzerland
107 CHINA GENERAL NUCLEAR POWER $42,575 China
108 GOOGLE $42,383 United States
109 RUSSIAN RAILWAYS $41,488 Russia
110 INTEL $41,109 United States
*As measured by reported net tangible fixed assets.WWW.BENTLEY.COM4
Rank Owner Infrastructure Value* (millions USD)
Headquarters Country
111 TELEFONICA DE ESPAÑA $41,046 Spain
112 TRAFIKVERKET $40,764 Sweden
113 KINDER MORGAN $40,155 United States
114 TRANSNEFT $39,386 Russia
115 CENTRAL JAPAN RAILWAY $39,297 Japan
116 METROPOLITAN TRANSPORTATION AUTHORITY (NEW YORK) $39,095 United States
117 CHINA NATIONAL NUCLEAR $39,079 China
118 EDISON $39,050 United States
119 COMCAST $38,470 United States
120 VODAFONE $38,377 United Kingdom
121 GOVERNMENT OF ALBERTA $38,268 Canada
122 LAFARGE $38,185 France
123 INDUSTRIAL & COMMERCIAL BANK OF CHINA $38,046 China
124 COMMONWEALTH OF PENNSYLVANIA $38,033 United States
125 CONSOLIDATED EDISON $37,600 United States
126 MITSUBISHI $37,498 Japan
127 CHUBU PLANT SERVICE $37,082 Japan
128 ARCELORMITTAL STEEL $36,971 Luxembourg
129 SOUTHERN CALIFORNIA GAS $36,503 United States
130 ESKOM $36,444 South Africa
131 SOFTBANK $36,320 Japan
132 MAIN ROADS WESTERN AUSTRALIA $35,678 Australia
133 ENTERPRISE PRODUCTS PARTNERS $35,620 United States
134 TAIWAN SEMICONDUCTOR $35,598 Taiwan
135 GUODIAN UNITED POWER TECHNOLOGY $34,912 China
136 FIAT $34,796 Netherlands
137 ROADS SERVICE (UNITED KINGDOM) $34,571 United Kingdom
138 XCEL ENERGY SERVICES $34,329 United States
139 AMERICA MOVIL PERU $34,182 Mexico
140 TIME WARNER CABLE $33,888 United States
141 APPLE INC $33,783 United States
142 KYUSHU ELECTRIC POWER $33,296 Japan
143 STATE OF GEORGIA $33,217 United States
144 PPL GENERATION $33,092 United States
145 PTT PUBLIC COMPANY $32,952 Thailand
146 STATE OF MISSOURI $32,796 United States
147 COMMONWEALTH OF VIRGINIA $32,635 United States
148 FRANCE TELECOM $31,979 France
149 PSE & G $31,797 United States
150 AUCKLAND COUNCIL $31,766 New Zealand
151 SUMITOMO HEAVY INDUSTRIES $31,739 Japan
152 GOVERNMENT OF BRITISH COLUMBIA $31,420 Canada
153 JX NIPPON OIL & ENERGY $31,334 Japan
154 OCCIDENTAL CHEMICAL $31,174 United States
*As measured by reported net tangible fixed assets.WWW.BENTLEY.COM 5
Rank Owner Infrastructure Value* (millions USD)
Headquarters Country
155 HOLCIM $30,915 Switzerland
156 UNIVERSITY OF CALIFORNIA $30,670 United States
157 FEDERAL GOVERNMENT OF MEXICO $30,612 Mexico
158 PORT AUTHORITY OF NEW YORK & NEW JERSEY $30,576 United States
159 MITSUI FUDOSAN $30,555 Japan
160 DUBAI ELECTRICITY & WATER AUTHORITY $30,414 United Arab Emirates
161 BASF $30,292 Germany
162 STATE OF WISCONSIN $30,255 United States
163 ENTERGY $29,925 United States
164 STATE OF MARYLAND $29,897 United States
165 RWE $29,867 Germany
166 TOHOKU ELECTRIC POWER $29,781 Japan
167 E.ON $29,702 Germany
168 POSCO ENGINEERING & CONSTRUCTION $29,617 South Korea
169 DEUTSCHE BAHN $29,507 Germany
170 REPSOL $29,503 Spain
171 BANQUE PARIBAS $29,364 France
172 STATE OF TENNESSEE $29,314 United States
173 STATE OF ARIZONA $29,113 United States
174 JAPAN POST $29,011 Japan
175 SONELGAZ $28,893 Algeria
176 JSC HOLDING $28,857 Russia
177 HONDA MOTOR $28,839 Japan
178 WALT DISNEY $28,406 United States
179 NESTLE $28,271 Switzerland
180 WILLIAMS GAS PIPELINE $28,211 United States
181 FIRSTENERGY SERVICE $28,176 United States
182 NTPC $28,103 India
183 CHINA DATANG TECHNOLOGIES & ENG $27,913 China
184 HYUNDAI ENGINEERING $27,871 South Korea
185 STATE OF OHIO $27,750 United States
186 SDIC HUAJING POWER HOLDINGS $27,700 China
187 OIL & NATURAL GAS (INDIA) $27,671 India
188 VALERO $27,480 United States
189 QATAR PETROLEUM $27,465 Qatar
190 ANADARKO PETROLEUM $27,451 United States
191 IKEA $27,401 Netherlands
192 EDP PRODUCAO $27,261 Portugal
193 STATE OF NEW JERSEY $27,243 United States
194 ANHEUSER BUSCH $27,184 Belgium
195 NIPPON STEEL $27,074 Japan
196 POWER GRID CORPORATION OF INDIA $26,930 India
197 TIAA REAL ESTATE ACCOUNT $26,871 United States
198 CENTURYLINK $26,852 United States
*As measured by reported net tangible fixed assets.WWW.BENTLEY.COM6
Rank Owner Infrastructure Value* (millions USD)
Headquarters Country
199 MARATHON PETROLEUM $26,443 United States
200 CARGILL $26,329 United States
201 SPECTRA ENERGY $26,208 United States
202 ANAS $26,205 Italy
203 AGUAS ARAUCANIA $26,204 Spain
204 GAS NATURAL (SPAIN) $26,184 Spain
205 CHINA CONSTRUCTION BANK $26,058 China
206 CHINA HUADIAN ENGINEERING $26,006 China
207 CSX TRANSPORTATION $25,907 United States
208 TENAGA NASIONAL BERHAD $25,773 Malaysia
209 AEON CO LTD $25,672 Japan
210 EOG RESOURCES $25,665 United States
211 TESCO $25,523 United Kingdom
212 INTERNATIONAL PETROLEUM INVESTMENT $25,445 United Arab Emirates
213 CITY OF CHICAGO $25,182 United States
214 CITIC PACIFIC $25,089 China
215 OSTERREICHISCHE BUNDESBAHNEN $25,064 Austria
216 WELLTOWER $25,009 United States
217 STATE OF KENTUCKY $24,962 United States
218 A. HAK LEIDINGBOUW $24,951 Netherlands
219 EQT CORPORATION $24,885 United States
220 NORFOLK SOUTHERN $24,860 United States
221 SURGUTNEFTEGAZ $24,840 Russia
222 TARGET $24,536 United States
223 CORPORACION NACIONAL DEL COBRE DE CHILE $24,532 Chile
224 OAO KONTSERN ROSENERGOATOM $24,474 Russia
225 SIMON PROPERTY $24,458 United States
226 VATTENFALL $24,384 Sweden
227 BAOSHAN IRO & STEEL $24,369 China
228 CHENIERE ENERGY $23,978 United States
229 BRITISH TELECOM $23,905 United Kingdom
230 DOW CHEMICAL $23,812 United States
231 STATE OF MICHIGAN $23,734 United States
232 MICROSOFT $23,734 United States
233 LIDL $23,618 Germany
234 NORTHEAST UTILITIES $23,617 United States
235 FORTISBC ENERGY $23,568 Canada
236 STATE OF CONNECTICUT $23,541 United States
237 CENOVUS ENERGY $23,511 Canada
238 AGRICULTURAL BANK OF CHINA $23,508 China
239 CHUGOKU ELECTRIC POWER $23,466 Japan
240 HUTCHISON WHAMPOA $23,435 China
241 KDDI $22,951 Japan
*As measured by reported net tangible fixed assets.WWW.BENTLEY.COM 7
Rank Owner Infrastructure Value* (millions USD)
Headquarters Country
242 STATE OF ALABAMA $22,889 United States
243 ROBERT BOSCH $22,875 Germany
244 FREEPORT-MCMORAN COPPER & GOLD $22,844 United States
245 STATE OF ILLINOIS $22,748 United States
246 NATIONAL LAND SERVICE (LITHUANIA) $22,650 Lithuania
247 CANADIAN NATIONAL RAILWAY $22,582 Canada
248 SK HYNIX $22,477 South Korea
249 MCDONALDS $22,448 United States
250 LAND HESSEN $22,291 Germany
251 WEST JAPAN RAILWAY $22,267 Japan
252 AIR LIQUIDE GLOBAL $22,218 France
253 BMW $22,152 Germany
254 UPS $22,118 United States
255 HOME DEPOT $22,075 United States
256 CITY OF SAN FRANCISCO $22,070 United States
257 CITY OF TORONTO $22,052 Canada
258 HENDERSON LAND DEVELOPMENT $22,041 Hong Kong
259 SASOL $22,040 South Africa
260 TRANSNET $21,899 South Africa
261 PROLOGIS $21,779 United States
262 ECOPETROL $21,728 Colombia
263 PRORAIL $21,706 Netherlands
264 TECK $21,664 Canada
265 STATE OF COLORADO $21,504 United States
266 AMEREN SERVICES $21,466 United States
267 PHILLIPS 66 $21,460 United States
268 F. HOFFMANN-LA ROCHE $21,442 Switzerland
269 BOE TECHNOLOGY $21,406 China
270 INFRABEL $21,374 Belgium
271 THAMES WATER UTILITIES $21,353 United Kingdom
272 WE ENERGIES $21,347 United States
273 SAUDI ARABIAN MINING $21,320 Saudi Arabia
274 DEVON ENERGY $21,171 United States
275 KROGER $21,071 United States
276 COMMONWEALTH EDISON $20,723 United States
277 DTE ENERGY $20,721 United States
278 VENTAS $20,622 United States
279 KOREA GAS $20,591 South Korea
280 AES CORPORATION $20,296 United States
281 HEBEI IRON & STEEL $20,128 China
282 CEZ $20,103 Czech Republic
283 ORIGIN ENERGY $20,022 Australia
284 MITSUBISHI HITACHI POWER SYSTEMS $20,010 Japan
285 EQUITY PROPERTIES $19,987 United States
*As measured by reported net tangible fixed assets.WWW.BENTLEY.COM8
Rank Owner Infrastructure Value* (millions USD)
Headquarters Country
286 AIRBUS $19,919 Netherlands
287 PROCTER & GAMBLE $19,893 United States
288 HYUNDAI STEEL $19,874 South Korea
289 TELECOM ITALIA $19,845 Italy
290 CHINA NATIONAL BUILDING MATERIAL $19,736 China
291 INDIAN OIL $19,736 India
292 LOWES $19,721 United States
293 SPRINT $19,712 United States
294 MGM MIRAGE $19,635 United States
295 LOS ANGELES COUNTY $19,586 United States
296 CHINA COAL ENERGY $19,562 China
297 WOODSIDE ENERGY $19,539 Australia
298 LIBERTY GLOBAL $19,535 United States
299 TAQA BRATANI $19,499 United Arab Emirates
300 MICRON TECHNOLOGY $19,431 United States
301 MOSCOW METRO $19,396 Russia
302 INPEX $19,254 Japan
303 SNAM $19,228 Italy
304 PACIFICORP $19,203 United States
305 STATE OF MINNESOTA $19,176 United States
306 HUSKY OIL OPERATIONS $19,128 Canada
307 ANGLO OPERATIONS $19,107 United Kingdom
308 BELL CANADA $19,092 Canada
309 CITY OF MIAMI $18,975 United States
310 YACIMIENTOS PETROL�FEROS FISCALES BOLIVI $18,889 Argentina
311 STATE OF UTAH $18,746 United States
312 ENBW $18,706 Germany
313 SOCIETE GENERALE $18,699 France
314 ELECTRIC POWER DEVELOPMENT $18,698 Japan
315 DEPARTMENT OF DEFENCE (AUSTRALIA) $18,611 Australia
316 SEVEN AND I $18,538 Japan
317 MITSUBISHI HEAVY INDUSTRIES $18,474 Japan
318 SCOTTISH & SOUTHERN ENERGY $18,451 United Kingdom
319 CHINA RESOURCES POWER HOLDINGS $18,332 China
320 GENERAL GROWTH PROPERTIES $18,256 United States
321 HOUSING NEW ZEALAND $18,250 New Zealand
322 STATE GRID COMPANY PROJECT MANAGEMENT $18,233 China
323 COSTCO WHOLESALE $18,161 United States
324 HCA HOLDINGS $17,895 United States
325 QUADRANT ENERGY $17,759 United States
326 MARATHON OIL $17,665 United States
327 AVALONBAY COMMUNITIES $17,649 United States
328 CLP POWER $17,559 China
*As measured by reported net tangible fixed assets.WWW.BENTLEY.COM 9
Rank Owner Infrastructure Value* (millions USD)
Headquarters Country
329 ITAIPU BINACIONAL $17,520 Paraguay
330 ENERGY DEVELOPMENT $17,502 United States
331 TENNET TSO $17,426 Netherlands
332 TRANSOCEAN OFFSHORE EUROPE $17,402 Switzerland
333 INVITATION HOMES $17,329 United States
334 CITY OF HOUSTON $17,318 United States
335 MEXICO CITY TRANSIT $17,291 Mexico
336 PEPSICO $17,240 United States
337 HOUSING & DEVELOPMENT BOARD (SINGAPORE) $17,205 Singapore
338 FIRST QUANTUM MINERALS $17,173 Canada
339 ISRAEL ELECTRIC $17,170 Israel
340 STATE OF SOUTH CAROLINA $17,028 United States
341 JOHNSON & JOHNSON $17,005 United States
342 CHINA LONGYUAN POWER $16,788 China
343 STATE OF MISSISSIPPI $16,787 United States
344 CONSUMERS ENERGY $16,761 United States
345 LAS VEGAS SANDS $16,753 United States
346 PGE GORNICTWO I ENERGETYKA $16,741 Poland
347 NIPPON LIFE INSURANCE $16,651 Japan
348 MINISTERIO DE MINAS Y ENERGIA $16,646 Colombia
349 BOSTON PROPERTIES $16,507 United States
350 HANKYU HANSHIN HOLDINGS $16,475 Japan
351 NOVARTIS $16,464 Switzerland
352 TELSTRA $16,422 Australia
353 OMV SOLUTIONS $16,375 Austria
354 STATE OF LOUISIANA $16,368 United States
355 TATA STEEL $16,346 India
356 STATE OF INDIANA $16,298 United States
357 RENAULT $16,289 France
358 AMERICAN WATER WORKS SERVICE $16,246 United States
359 FEDERAL GRID CO OF UNIFIED ENERGY SYS $16,222 Russia
360 KOREA RAILROAD TECHNICAL $16,215 South Korea
361 AMERADA HESS $16,192 United States
362 CHINA FAW $16,186 China
363 LLOYDS BANKING $16,164 United Kingdom
364 UNILEVER $16,094 Netherlands
365 ADMINISTRADOR DE INFRAESTRUCTURAS FERROV $16,082 Spain
366 STATE OF ARKANSAS $16,081 United States
367 AUSTRALIAN CAPITAL TERRITORY $16,061 Australia
368 PEUGEOT BELGIQUE-LUXEMBOURG $15,893 France
369 CHRISTIAN DIOR $15,852 France
370 LOUIS VUITTON $15,838 France
371 TOKYU $15,760 Japan
372 SEAWELL MANAGEMENT $15,730 Bermuda
*As measured by reported net tangible fixed assets.WWW.BENTLEY.COM10
Rank Owner Infrastructure Value* (millions USD)
Headquarters Country
373 CARREFOUR $15,707 France
374 CRH PUBLIC $15,704 Ireland
375 FORTESCUE METALS $15,680 Australia
376 FGP TOPCO $15,560 United Kingdom
377 MITSUI & CO $15,502 Japan
378 POWER CONSTRUCTION CORPORATION OF CHINA $15,491 China
379 VASAKRONAN $15,463 Sweden
380 LOEWS $15,427 United States
381 VEDANTA RESOURCES $15,406 United Kingdom
382 HANSON HEIDELBURG CEMENT $15,368 Germany
383 TERNA QATAR $15,294 Italy
384 STATE OF IOWA $15,235 United States
385 ALECTRA UTILITIES $15,217 Canada
386 UNITED UTILITIES $15,173 United Kingdom
387 WEYERHAEUSER $15,105 United States
388 DENSO $14,985 Japan
389 PLAINS GP HOLDINGS $14,977 United States
390 JFE ENGINEERING $14,874 Japan
391 HOKKAIDO POWER ENGINEERING $14,778 Japan
392 TESORO PETROLEUM $14,742 United States
393 CHINA ALUMINUM INTERNATIONAL ENGINEERING $14,676 China
394 GLAXOSMITHKLINE $14,673 United Kingdom
395 BRISBANE CITY COUNCIL $14,647 Australia
396 HEATHROW AIRPORT $14,626 United Kingdom
397 BANK OF CHINA $14,621 China
398 LOS ANGELES UNIFIED SCHOOL DISTRICT $14,541 United States
399 GOLDCORP $14,396 Canada
400 NISOURCE $14,360 United States
401 STATE OF OREGON $14,276 United States
402 CPC $14,208 Taiwan
403 MIDAMERICAN ENERGY $14,207 United States
404 CATERPILLAR $14,155 United States
405 LINDE AG ZENTRALVERWALTUNG $14,099 Germany
406 PUBLIC SERVICE COMPANY OF COLORADO $14,026 United States
407 CORNING $14,017 United States
408 ANTARCHILE $13,950 Chile
409 LOTTE SHOPPING $13,927 South Korea
410 NRG ENERGY $13,908 United States
411 SAINT GOBAIN $13,900 France
412 RUSHYDRO $13,886 Russia
413 PFIZER $13,865 United States
414 PUBLIC POWER (GREECE) $13,822 Greece
415 BARRICK GOLDSTRIKE MINES $13,806 Canada
416 STATE OF KANSAS $13,785 United States
*As measured by reported net tangible fixed assets.WWW.BENTLEY.COM 11
Rank Owner Infrastructure Value* (millions USD)
Headquarters Country
417 ATCO TECHNOLOGY MANAGEMENT $13,777 Canada
418 INTERNATIONAL PAPER $13,713 United States
419 WALGREENS $13,642 United States
420 J SAINSBURY $13,640 United Kingdom
421 PIONEER NATURAL RESOURCES $13,525 United States
422 EMERA $13,501 Canada
423 MITSUBISHI CHEMICAL ENGINEERING $13,499 Japan
424 SYDNEY WATER $13,498 Australia
425 MIGROS $13,471 Switzerland
426 J.P. MORGAN CHASE BANK $13,452 United States
427 SPARKASSE PFORZHEIM CALW $13,407 Germany
428 FINANCIERE AGACHE $13,401 France
429 CHINA STEEL $13,336 China
430 ANTERO RESOURCES APPALACHIAN $13,236 United States
431 PINNACLE WEST CAPITAL $13,188 United States
432 GROUPE AUCHAN $13,186 France
433 MTR CORPORATION $13,167 China
434 KINTETSU ENGINEERING $13,132 Japan
435 CENTERPOINT ENERGY GAS BUSINESS $13,057 United States
436 STATE OF HAWAII $13,053 United States
437 MICHELIN $13,052 France
438 BRIDGESTONE $13,047 Japan
439 CONCHO VALLEY ELECTRIC $13,041 United States
440 EL CORTE INGLES $13,039 Spain
441 HSBC $12,990 Hong Kong
442 POTASHCORP $12,971 Canada
443 SIEMENS $12,959 Germany
444 CITY OF CHARLOTTE $12,940 United States
445 PANASONIC $12,940 Japan
446 CONTINENTAL RESOURCES $12,934 United States
447 ENBRIDGE ENERGY PARTNERS $12,896 United States
448 ENSCO $12,874 United Kingdom
449 CALPINE $12,724 United States
450 ONEOK $12,698 United States
451 SK INNOVATION $12,692 Republic of Korea
452 KANSAI INTERNATIONAL AIRPORT $12,692 Japan
453 KT ENG $12,669 South Korea
454 KIA MOTORS $12,583 Republic of Korea
455 STATKRAFT $12,569 Norway
456 MERCK & COMPANY $12,439 United States
457 TOKYO GAS ENGINEERING $12,424 Japan
458 NEWMONT GOLD $12,338 United States
459 STICHTING YMERE $12,281 Netherlands
460 CITY OF ATLANTA $12,255 United States
*As measured by reported net tangible fixed assets.WWW.BENTLEY.COM12
Rank Owner Infrastructure Value* (millions USD)
Headquarters Country
461 HERTZ GLOBAL HOLDINGS $12,176 United States
462 WATER CORPORATION OF WESTERN AUSTRALIA $12,133 Australia
463 PRAXAIR $12,057 United States
464 EMIRATES TELECOMMUNICATIONS $11,928 United Arab Emirates
465 SEVERN TRENT WATER $11,913 United Kingdom
466 VORNADO REALTY TRUST $11,871 United States
467 TOBU RAILWAY $11,863 Japan
468 OSPREY $11,862 United Kingdom
469 ANGLIAN WATER SERVICES $11,852 United Kingdom
470 CEMEX CENTRAL $11,733 Mexico
471 RABIGH REFINING AND PETROCHEMICALS $11,722 Saudi Arabia
472 CITY OF PHOENIX $11,711 United States
473 LYONDELLBASELL POLYLEFINE $11,710 Netherlands
474 HRVATSKE CESTE $11,687 Croatia
475 STOCKHOLMS STAD $11,619 Sweden
476 HELLENIC RAILWAYS ORGANIZATION $11,615 Greece
477 WASTE MANAGEMENT $11,559 United States
478 SANOFI AVENTIS $11,488 France
479 SCHLUMBERGER $11,473 Netherlands
480 WIENER STADTWERKE HOLDING $11,274 Austria
481 ALLIANT ENERGY $11,235 United States
482 CRESCENT POINT ENERGY $11,171 Canada
483 IBM $11,116 United States
484 CPMC $11,101 Chile
485 JAPAN NUCLEAR FUEL $11,097 Japan
486 STEEL AUTHORITY OF INDIA $11,024 India
487 BAOTOU STEEL $11,012 China
488 AENA DPTO. DE PUBLICACIONES $10,958 Spain
489 CHINA HUANENG $10,954 China
490 STICHTING DE ALLIANTIE $10,918 Netherlands
491 SOUTH CAROLINA ELECTRIC & GAS $10,708 United States
492 YORKSHIRE WATER SERVICES $10,692 United Kingdom
493 CHESAPEAKE ENERGY $10,664 United States
494 SAUDI TELECOM $10,651 Saudi Arabia
495 REDESA $10,491 Spain
496 HYUNDAI HEAVY INDUSTRIES $10,319 South Korea
497 CVS CAREMARK $10,292 United States
498 ARCHER DANIELS MIDLAND $10,138 United States
499 HINDALCO INDUSTRIES $10,081 India
500 PUGET SOUND ENERGY $10,009 United States
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 2019 edition of the Bentley Infrastructure 500.
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Top Owners by Country
United States, 179, 46%
Japan, 42, 11%
China, 39, 10%
Canada, 26, 7%
United Kingdom, 25, 7%
France, 20, 5%
Germany, 16, 4%
Australia, 15, 4%
Netherlands, 13, 3%South Korea, 11, 3%
Infrastructure Value by Country (USD Millions)
United States, $6,035,874
China, $1,443,107
Japan, $1,217,838
United Kingdom, $868,955
Canada, $842,139
France, $744,604
Russia, $605,541
Australia, $587,321
Netherlands, $546,818
Germany, $498,098
Top Owners by Sector
Private71%
Public29%
Infrastructure Value by Sector (USD Millions)
Private67%
Public33%
Top Owners by Infrastructure Type
48%
37%
15%
51%39%
10%
Infrastructure Value by Infrastructure Type
Public Works/Utilities
Industrial/Natural Resources
Commercial/Facilities
© 2018 Bentley Systems, Incorporated
ABOUT THE BENTLEY INFRASTRUCTURE 500 Additional footnotes:• Data sources for this ranking include financial
statements and third-party data providers.
• All values have been translated into U.S. dollars (millions).
• Majority-owned subsidiaries with parents already in the rankings have been excluded (unless explicitly reporting separate financials).
The Bentley Infrastructure 500 is updated annually. Please visit www.bentley.com/BI500 if you wish to provide new or updated information about your organization for consideration in the 2019 edition of the Bentley Infrastructure 500.
The Bentley Infrastructure 500 ranks owners according to
their reported tangible fixed assets (or other comparable
noncurrent physical assets such as buildings or fixed
structures, land, and machinery). Included in the rankings
are public- and private-sector entities with financials
reported in the past three years (to allow flexibility in varying
reporting schedules). The values presented are assessed
net of depreciation and amortization and calculated to
exclude, where data is available, assets not representative of
infrastructure, such as equipment, furniture, and software.
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