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