JLL, a firm that specializes in real estate and investment management, has launched a new infrastructure market strategy that will provide professional advisory services to public sector clients for large-scale infrastructure projects.
The Infrastructure Market Offering (IMO) will help public sector clients address everything from aging infrastructure improvements to procuring alternative forms of financing.
“Federal, state and local authorities have limited resources to devote to capital and operational expenditures, while at the same time are facing increasing debt ceilings and budgetary constraints — all at a time when U.S. infrastructure needs are estimated at over $7.7 trillion by 2030 just to keep pace with GDP,” noted Kevin Wayer, president, public sector and education at JLL.
The multi-disciplined IMO will incorporate several of JLL’s business practices, including public institutions, corporate solutions, capital markets, energy and sustainabilit