Government’s $1 billion loan to Adani

January 13, 2017
Issue 
Abbot Point.

Speculation is increasing that the federal government will lend mining giant Adani half the $2.2 billion cost of a rail line to take coal from the proposed Carmichael coalmine in Queensland’s Galilee Basin to the Abbot Point coal terminal.

The money is likely to come from the Northern Australia Infrastructure Facility. The $5 billion infrastructure fund has granted preliminary approval for the subsidy.

Like the article? Subscribe to 91×ÔÅÄÂÛ̳ now! You can also  us on Facebook and  on Twitter.

You need 91×ÔÅÄÂÛ̳, and we need you!

91×ÔÅÄÂÛ̳ is funded by contributions from readers and supporters. Help us reach our funding target.

Make a One-off Donation or choose from one of our Monthly Donation options.

Become a supporter to get the digital edition for $5 per month or the print edition for $10 per month. One-time payment options are available.

You can also call 1800 634 206 to make a donation or to become a supporter. Thank you.