Australian news, and some related international items

Criticism of Townsville City Council for giving Adani $19 million for airstrip for coal mining

Adani coal mine: Townsville City Council under fire for pumping $19m into airstrip, ABC, 

The council agreed to contribute up to $18.5 million to finance the airstrip at the proposed Carmichael mine site, about 300 kilometres south of the city.

Rockhampton Regional Council also agreed to contribute to the project, which is estimated to be costing about $30 million.

Under the arrangement with Adani, the Indian company would source the bulk of its mine and construction fly-in-fly-out workforce from the two cities.

“Why does a billionaire want two councils in Queensland to pay $36 million for an airstrip?” Peter Newey, convenor of the Townsville Residents and Ratepayers Association, said. “He [Gautam Adani] would be able to afford at least two dozen of them and then gold plate them. “It just doesn’t make sense.”

More than 50,000 people have signed an online petition — started by Mr Newey — calling for Townsville City Council to withdraw its support for the airstrip.

A member of the council’s city image committee, business owner Lucy Downes, also had concerns. “I despaired to be honest, because that money could have been used to reactivate the CBD,” she said…..

Townsville wants guarantee from AdaniTownsville City Council is seeking a bank guarantee from Adani to refund any losses, should the Carmichael coal and rail project not proceed. Mayor Jenny Hill told 7.30 she would like construction on the airstrip to start this year, despite Adani not yet securing bank finance for the $16 billion project……..

Adani waiting for loan Adani said it may not secure bank finance until next March, and it postponed plans last month for a ground-breaking ceremony…….Adani also said it is critical that it receives a loan from the Federal Government’s North Australia Infrastructure Facility (NAIF).

A decision on the NAIF loan, believed to worth hundreds of millions of dollars, is due by the end of the year.


November 3, 2017 - Posted by | politics, Queensland

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