by Paul Karp on (#3F1A0)
Concessional $900m loan cannot proceed without Queensland government approval, Karen Andrews saysThe 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...