Can't fund Adani project: Queensland Premier

Cant fund Adani project: Queensland Premier
Queensland Premier Annastacia Palaszczuk on Tuesday ruled out giving financial support to Adani Group for its controversy-hit 21.7 billion dollars Carmichael mine project but the Indian energy giant asserted that it is moving forward on "all fronts".

"My government has always said that it is a matter for Adani to get the finance. This is a private investment," Palaszczuk was quoted by Australian Associated Press news agency.
She said, "But I haven't heard any reports from Adani themselves that they've indicated anything to the contrary".
Following Palaszczuk's statement, Adani Australia said it maintained that it was moving forward on "all fronts", including organising finance for its project.
"As was the case with Australian banks, Adani has not approached the Queensland Government for financing. The Queensland Government has, however, delivered every licence and approval necessary for the project," according to the company's spokesperson.
Stating that the Adani Group has an enviable record of rapid growth, strategic vision, financial stability and project execution, the spokesperson said the company would ensure the Carmichael coal mine and rail projects proceed.
"A great message for north Queensland and a great future now that we can all get along and work on," he said.
Last month, Palaszczuk opened Adani's head office in Townsville after Adani Group gave the final investment approval to the project which had hit several roadblocks over environmental concerns. The company's decision was welcomed and hailed by the state and federal government.


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