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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches, Market

Australian state seeks out sovereign wealth

Posted on 05 May 2011

Australia’s most populous state hopes to tap sovereign wealth funds to help raise billions of dollars to update its overstretched roads and railways amid concerns about its debt, a senior official said Wednesday.

The comments from Nick Greiner, the newly appointed infrastructure chief for New South Wales on the east coast of Australia, show the growing heft of government-controlled investment funds in the world’s fastest-growing regions. They also show Australia’s resources-based boom hasn’t been shared equally by all regions of the country……………………………………….Full Article: Source


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