Investments to be funded through $500 million private equity pool.
- The five-year program has been established to design, construct and maintain infrastructure and buildings to meet the present and future needs of each project
- CREF, beginning in mid-February, will identify projects to invest in
- The organization will also work in conjunction with area trade schools and universities to ensure that there are employment and educational opportunities for local labor
The time has long-since arrived to accept the fact that the nation’s failing infrastructure needs our immediate attention. CREF, Inc., and our national and international Smart Cities team have risen to this challenge through the creation of a new program for the redevelopment of infrastructure in both rural and metropolitan communities.
The five-year program will be funded by a $500 million private equity pool specifically focused on US infrastructure. CREF, through this program, will help these communities design, construct, and maintain projects that will meet their present and future needs.
To ensure delivery, we will used digitally-designed state-of-the-art technologies that will take weather and topography, as well as vehicle and pedestrian traffic into account. We will also offer a technology and structure maintenance program to ensure that both the infrastructure and the technologies used to deliver it will be consistently updated.
“Although the costs of replacing the outdated and inferior infrastructure may be overwhelming to the decision makers, the cost of jobs lost and businesses being closed is far greater”
From our hands-on experience, we at CREF have seen several business opportunities in rural and urban communities lost due to lack of adequate infrastructure. Moreover, some community leaders are still unwilling to address infrastructure development despite the clear need to do so.
Although the costs of replacing the outdated and inferior infrastructure may be overwhelming to some decision makers, the cost of jobs lost and businesses being closed is far greater. When companies leave due to a lack of infrastructure, the ripple effect forces remaining businesses to reduce staff and make a number of hard decisions in order to remain operational.
Our goals are to help each client and community provide the most effective technologies to meet their present and future needs, as well as to provide employment and educational opportunities for local labor. To that end, CREF will also work in conjunction with area trade schools and universities.
As we are celebrate our 19th year of international finance and development, we at CREF look forward to bringing our skills, experience and technologies to each and every project.