Asset Recycling Initiative

The Asset Recycling Initiative is a government strategy where valuable public assets, like airports or ports, are sold or leased to private companies. The revenue generated is then reinvested into new infrastructure projects, such as roads, hospitals, or schools. This approach aims to optimize the use of existing assets, boost economic growth, and improve public services by leveraging private sector efficiency and investments. By operating certain assets under private management, the government can stretch its budget further, modernize infrastructure faster, and deliver better infrastructure and services to the community.