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Norway sets new fund for heavy infrastructure spending

Prime minister to create $16 billion domestic infrastructure fund over five years

Norway's incoming Prime Minister Erna Solberg said her new government plans to create a Nkr100 billion ($16 billion) domestic infrastructure fund over five years, as part of an aggressive plan to boost government spending on roads, railways, expansion of broadband Internet and other projects.

Solberg, leader of Norway's Conservative Party, has formed a right-wing minority government with the Progress Party following a September election in which she promised to better use Norway's deep pockets to improve the quality of life in this Scandinavian nation of five million people.

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