Australia Capital Recycling Roundtable: Selling the old to build the new

Capital recycling has been around in Australia since the 1980s and 1990s. However, state governments have found their balance sheets stretched in recent years and particularly following the global financial crisis, even as Australia’s population continues to surge. According to demographic projections the country will double its population to around 50m by 2050. The country needs to invest heavily in new infrastructure to achieve this, and to help pay for it state governments are looking to sell existing infrastructure to private investors. It’s a controversial plan. Asiamoney speaks with a set of experts to discuss how the financial markets can best support this recycling of state assets.