Governments worldwide are facing difficult decisions about diverting funds from long-planned infrastructure projects as the novel coronavirus pandemic wreaks havoc on their budgets.
Maintaining essential projects will likely mean a greater reliance on public-private partnerships and federal aid, while restructuring some deals, according to an analysis from Jones Lang LaSalle.
"The infrastructure imperative doesn't go away because of COVID-19. But those investments may need to be redefined," said Barry Scribner, one of JLL's US infrastructure advisory service leads in the report.
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Meredith Hobbs
Meredith Hobbs writes about the Atlanta legal community and the business of law. Contact her at mhobbs@alm.com or 404.419.2837. On Twitter: @MeredithHobbs.
