Antinuclear

John Hewson says $1bn loan to Adani the ‘last thing’ Coalition should be doing

John Hewson says $1bn loan to Adani the ‘last thing’ Coalition should be doing
https://www.theguardian.com/business/2017/apr/16/john-hewson-says-1bn-loan-to-adani-the-last-thing-coalition-should-be-doing  ~ Gareth Hutchens @grhutchens https://www.theguardian.com/profile/gareth-hutchens 16 April 2017:

” … Dr John Hewson, a professor in economics, has criticised the Turnbull government
for considering lending Adani nearly $1bn in taxpayer money via the Northern Australia Infrastructure Facility (NAIF).

“Hewson said the fund should only be used to help projects become commercially viable but the $1bn would be used by Adani to build a railway to a coalmine that Australia’s major banks have refused to fund.

““If they’re going to build it, they have to fund it themselves,” he told Sky News on Sunday. “There is no way we should give them concessional finance. … “

April 17, 2017 - Posted by Christina Macpherson | Uncategorized