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Australia does not rule out govt loan for Adani mine project

The project would help create 16,000 jobs, a minister said

Reuters  |  Sydney 

Australian resources minister Matt Canavan on Sunday did not rule out providing a A$1-billion ($748-million) government loan to Adani Enterprises for its Carmichael coal project, saying it would help create thousands of jobs. Adani have submitted an application to the Australian government's Northern Australia Infrastructure Fund for a cheap loan to help fund a rail line into the untapped Galilee Basin, where the Carmichael project is located. The project would help create 16,000 jobs, said Canavan, who is also the minister for northern Australia. "This is about ...

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First Published: Sun, April 30 2017. 16:00 IST