What is infrastructure privatisation?

Answer 1

Infrastructure privatization refers to the transfer of ownership and management of public infrastructure assets, such as roads, bridges, and utilities, from government entities to private companies. This process aims to enhance efficiency, reduce public expenditure, and attract investment by leveraging private sector expertise and capital. While proponents argue it can improve service delivery and innovation, critics often raise concerns about increased costs for consumers and potential neglect of public welfare in pursuit of profit.