Asset recycling (AR) has gained attention in the United States as a way of improving life cycle asset maintenance and realizing maximum value from existing public infrastructure. In an AR program, proceeds from leases or sales of mature, underutilized public assets are reinvested in much-needed infrastructure improvements. Although the benefits of AR are often noted in both academic and policy circles, the academic literature on AR has not yet explored AR’s application to social infrastructure. To address this gap, we explore the concept of AR and its relevance for U.S. social infrastructure. We first examine the steps and conceptual features of a “fix-it-first” AR approach to social infrastructure. We then use Infrastructure Ontario’s Capital Planning Program as a case study to highlight the potential viability of such programs. Finally, we conclude by discussing the benefits and challenges of adopting AR policies in the United States.

中文翻译：

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美国社会基础设施的资产回收

资产回收（AR）作为改善生命周期资产维护和实现现有公共基础设施最大价值的一种方式在美国受到关注。在 AR 计划中，出租或出售成熟的、未充分利用的公共资产的收益再投资于急需的基础设施改进。尽管 AR 的好处在学术界和政策界都经常被提及，但关于 AR 的学术文献尚未探讨 AR 在社会基础设施中的应用。为了弥补这一差距，我们探讨了 AR 的概念及其与美国社会基础设施的相关性。我们首先研究了“先修复”AR 方法对社会基础设施的步骤和概念特征。然后，我们使用安大略省基础设施的资本规划计划作为案例研究，以强调此类计划的潜在可行性。最后，