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Posted On
date_range 5 Feb 2018 5:37 PM IST Updated On
date_range 5 Feb 2018 5:37 PM ISTRail link in Adani mine in Australia denied funds
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Melbourne: In a blow to the Adani group, the Australian government on Sunday said it would not finance a vital rail-link project that supports the beleaguered Indian energy giant’s Australian $16.5 billion Carmichael coal mine.
Adani had sought a A$900 million concessional loan for rail to link the Carmichael mine to port. The announcement by Minister Karen Andrews could spell the end of the project entirely if it can’t secure private finance.
Ms. Andrews, assistant minister for vocational education and skills, said since all “approvals are in place” for the mine, it was now “just a financing issue for Adani” whether the mine goes ahead.
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