Adani edges closer to construction with rail progress
October 2nd, 2018
Adani has submitted a conceptual operating plan to initiate the connection of its planned narrow gauge rail line to the Carmichael coal project in Queensland.
The submission triggers a regulatory process that, subject to Adani satisfying a range of conditions, would allow connection of the Indian company’s rail line to the existing network for transport of coal to Abbot Point for export.
Adani Mining chief executive officer Lucas Dow said the submission was an important step towards starting construction of the project.
“Importantly, we are not seeking and state or federal money to kick off construction of the Carmichael project,” Dow said.
“There has been a lot of misinformation and speculation that we need taxpayer money to be able to build the mine and rail. This is absolutely not the case; this project will stand on its own two feet.”
Adani has become increasingly optimistic about the project moving into the construction phase in recent months. Read more…