WASHINGTON, DC-US Army's Privatization of Army Lodging program, PAL, just secured $465 million in financing for a project to develop 11,000 temporary housing units – aka hotel rooms. Read about it here. We asked Jamie Fox, an eight-year Army veteran and the Bank of America executive who handed transaction, what other assets could be privatized eventually.
For starters, he says, other services – that is, the Air Force and Navy could well be the next stage in this process. "The Department of Defense wanted to see how successful the army privatization program would be," he says. There has also been talk – but nothing official, Fox emphasizes – of the potential privatization of dinning facilities, work out facilities, the commissaries and PX systems. "All of that is in the discussion phase," Fox says.
Still, it is an area of interest for the military. "What privatization does is allow services to focus on what is important, which is training of service people," Fox says.
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