Increased private sector involvement "in both the funding and financing of infrastructure" is a core aim of an agreement made by the Council of Australian Governments on Friday.In line with principles outlined earlier this year, the Federal Government will pay states 15 per cent of the value of a public asset which is sold if the proceeds are reinvested "in additional infrastructure investment." This "recycling" of assets, as it's dubbed, is intended to foster more investment in infrastructure. The Federal payments will be allocated on a first-come, first-served basis as long as the money lasts, or until June 2016.