Antinuclear

Australian news, and some related international items

The Adani Carmichael coalmine will not receive federal funding from the Northern Australia Infrastructure Facility for a vital rail line

Adani coalmine won’t get federal rail funding, Liberal minister says Concessional $900m loan cannot proceed without Queensland government approval, Karen Andrews says, Guardian,  Paul Karp  , 4 Feb 18, 

The Adani Carmichael coalmine will not receive federal funding from the Northern Australia Infrastructure Facility for a vital rail line, a Turnbull government minister has said.

The announcement by Karen Andrews on Sunday is a major blow to Adani, which has sought a $900m concessional loan for rail to link the Carmichael mine to port – and could spell the end of the project entirely if it can’t secure private finance.

The Labor leader, Bill Shorten, stepped up the opposition’s rhetoric on the Adani mine last week, first refusing to rule out stopping the project on Tuesday and then on Friday threatening the mine’s licence in a bid to boost the party’s environmental credentials for the Batman byelection.  Before its re-election last year, the Queensland Labor government promised to veto Adani’s application for a loan from the Naif.

Federal Labor, which has already ruled out providing a public subsidy or loan to the Adani mine, is now looking at further measures to block it……https://www.theguardian.com/environment/2018/feb/04/adani-coalmine-wont-get-federal-rail-funding-liberal-minister-says

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February 5, 2018 - Posted by | AUSTRALIA - NATIONAL, politics

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