Adani's Carmichael coal rail line may not be eligible for government funding

Analysts says $1bn loan proposal shows lack of financier interest and Adani may not meet investment criteria due to position that public funding 'not critical'

Doubts have emerged over the eligibility of Adani's rail link for public funding as the company pushes ahead with plans for the controversial Carmichael coal project with a promise of 600 jobs at a new operational headquarters in Townsville.

The Queensland premier, Annastacia Palaszczuk, said "you can't get the smile off my face" when commenting on the news of the potential jobs boost in a television interview.