Adani reportedly near deal with China to fund Carmichael rail line
by Michael Slezak and Amy Remeikis from Environment | The Guardian on (#38NFM)
Coal industry insiders reportedly told by Adani director that company had secured Chinese financing for the project
Adani is reportedly close to securing the loans it requires to build its railway from Abbot Point to the Galilee basin, allowing coal from the proposed Carmichael coalmine to be exported through the Great Barrier Reef, according to the ABC.
The news comes as preparations for construction of the railway pick up pace and protesters step up last-ditch efforts to stop it from proceeding.
Continue reading...