In the era of the global drive for sustainability in line with the United Nations Sustainable Development Goals (UN SDGs), sustainability measures are encouraged to be taken at all levels. This study explores a novel mix design integrating Reclaimed Asphalt (RAP) with waste Polyethylene Terephthalate (PET) to enhance pavement performance and sustainability. It adopts a holistic approach by investigating the technical, economic, and environmental aspects of the proposed mix to assess its sustainability. Industry experts emphasize the necessity of mitigating the resource intensiveness of pavement construction to foster sustainable infrastructure. RAP enables resource-efficient pavement construction by promoting asphalt recycling. However, increasing RAP quantity in the mix compromises asphalt structural stability, making it more susceptible to moisture damage and rutting. In this study, PET-modified Bitumen (PMB) is incorporated in higher RAP quantities in the asphaltic mix without compromising asphalt’s structural performance and durability. Various PMB amounts (2% to 10% by mass of mixture) were tested with 40% RAP (by mass of mixture), evaluating performance in terms of moisture damage, Marshall stability, rutting, etc. Optimal results were achieved with 6% PET and 40% RAP, showing a 7%, 57%, and 23% improvement in moisture resistance, rutting resistance, and Marshall stability, respectively, compared to unmodified asphalt (technical aspects). The novel asphalt mix demonstrated a 17% reduction in material cost (economic aspect) and a 53% decrease in CO2 emissions (environmental aspect) using Building Information Modeling (BIM). This study devises a prospective solution for the construction of resilient, resource-efficient, cost-effective, environmentally friendly, and sustainable pavements in line with UN SDGs and circular economy goals.