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No federal financing for Adani's Carmichael rail line: Australian official

Assistant minister for vocational education Karen Andrews said that financing a loan facility for the Adani rail line would not proceed

Reuters  |  Sydney 

There will be no Australian federal financing of a loan facility for Indian conglomerate Adani Enterprises Ltd to build a rail line to its proposed Carmichael coal project, a government frontbencher confirmed on Sunday.  Assistant minister for vocational education Karen Andrews told Sky News Speers on Sunday that financing a loan facility for the Adani rail line would not proceed. "Given the position that the Labor state government actually took to the last election and their election, there won't be financing from the Federal Government," Andrews said in the ...

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First Published: Sun, February 04 2018. 09:00 IST
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