IDEAS home Printed from https://ideas.repec.org/h/elg/eechap/18544_12.html
   My bibliography  Save this book chapter

The financier state: infrastructure planning and asset recycling in New South Wales, Australia

In: Public–Private Partnerships for Infrastructure Development

Author

Listed:
  • Caroline Nowacki

Abstract

Privatization programs have had limited success, because of the perception that governments give up value when leasing assets to the private sector, and that the proceeds of the sale/lease seem to disappear as they are used to repay debts and correct unbalanced budgets. This case study of New South Wales, Australia argues that the state can organize to make the most of private investors’ will to buy operating assets to support a strong program of reinvestment in new infrastructure projects, thus not giving up value nor expertise in the privatization process. It inspires a new model of the developmental state that gets inspiration from working with the private sector, without necessarily giving up on social and environmental considerations. This chapter describes how infrastructure asset recycling can be an improved privatization program, using privatization sale proceeds to fund an integrated, long-term infrastructure plan, and how a new independent government agency was key to ensure the reinvestment step was successful.

Suggested Citation

  • Caroline Nowacki, 2019. "The financier state: infrastructure planning and asset recycling in New South Wales, Australia," Chapters, in: Raymond E. Levitt & W. R. Scott & Michael J. Garvin (ed.), Public–Private Partnerships for Infrastructure Development, chapter 12, pages 246-264, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:18544_12
    as

    Download full text from publisher

    File URL: https://www.elgaronline.com/view/edcoll/9781788973175/9781788973175.00023.xml
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Nowacki, Caroline & Monk, Ashby, 2020. "Ambidexterity in government: The influence of different types of legitimacy on innovation," Research Policy, Elsevier, vol. 49(1).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:elg:eechap:18544_12. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Darrel McCalla (email available below). General contact details of provider: http://www.e-elgar.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.