Government’s $1 billion loan to Adani

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.

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