06 December, 2016

George Christensen backs $1bn federal loan for Adani railway line

George Christensen as he appeared recently
 in a national newspaper - George imagines
 he has the 'whip hand' on the Adani mine.
The conservative backbencher George Christensen has backed the idea of the controversial mining company Adani getting a $1bn loan from the Turnbull government for a rail line in his Queensland electorate.

But an analyst has warned the government would have to conduct strict due diligence to ensure the loan was not funnelled through the Cayman Islands tax haven.

As Malcolm Turnbull met the Adani Group chairman, Gautam Adani, in Melbourne on Monday to discuss the project, more than 300 people rallied in the city to protest against the plan to help fund the 388km railway line.

No comments:

Post a Comment