Adani coalmine won't get federal rail funding, Liberal minister says
by Paul Karp from Environment | The Guardian on (#3F1A0)
Concessional $900m loan cannot proceed without Queensland government approval, Karen Andrews says
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.
Continue reading...