Trump Administration to Propose Privatizing Public Assets to Fund Other Infrastructure Projects

The Washington Post reports, “The Trump administration . . . is drafting plans to privatize some public assets such as airports, bridges, highway rest stops and other facilities, according to top officials and advisers. . . . [They] said that to entice state and local governments to sell some of their assets, the administration is considering paying them a bonus. The proceeds of the sales would then go to other infrastructure projects.” The report adds that “Australia has pursued a similar policy, which it calls ‘asset recycling’. . . .”