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rnThe lquote Sri Lanka Fund quote , the Board of Investments says will source its initial capital from North America and Europe as well as local insurance and pension funds.rn
rnPremier Ranil Wickramasinghe is due to kick off the fund raising exercise at the mini pledging conference in Norway in December, BOI Chairman, Arjuna Mahendran said.rn
rnSetting sights for an initial placement of US$ 75 mn, Mahendran expects the fund to swell to US$ 200 mn over the first two-years. The government also has the option of listing the Fund in the future.
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rnThe November budget will spell out detail plans of such infrastructure projects. The government will shortly seek professional fund managers to set up and manage the Fund under the aegis of the BOI.
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rn"The Fund has become a necessity as investors are unable to raise dollar finance for more than three to five years. Anything above five-year