"Asset recycling...'

"Selling assets the state does not need, and investing the proceeds in new infrastructure, is called asset recycling, as opposed to selling to repay debt. ... The Crown has no particular reason to own farms, and every reason to want hospitals that work. ...

"I was in Sydney when New South Wales started asset recycling, but the idea appeared sensible yet politically bold and risky. It required political leadership, and New South Wales was lucky to have it. ...

"New South Wales pressed ahead against every warning of political suicide and was rewarded with re-election and a transformed state. New Zealand could write a similar success story. It only needs leaders willing to start."

~ Oliver Hartwich from his post 'New Zealand needs asset recycling to fund its infrastructure future'