John Hewson says $1bn loan to Adani the 'last thing' Coalition should be doing

A former Liberal party leader says the controversial Adani Carmichael coalmine is already a “stranded asset” and the last thing the Turnbull government should be doing is lending Adani $1bn.

The former federal Liberal leader Dr John
Hewson says there is ‘no way’ the Turnbull
government should lend Adani $1bn of
 taxpayers’ money

Dr John Hewson, a professor in economics, has criticised the Turnbull government for considering lending Adani nearly $1bn in taxpayer money via the Northern Australia Infrastructure Facility (NAIF).

Hewson said the fund should only be used to help projects become commercially viable but the $1bn would be used by Adani to build a railway to a coalmine that Australia’s major banks have refused to fund.

Read Gareth Hutchens’ story on The Guardian - “John Hewson says $1bn loan to Adani the 'last thing' Coalition should be doing.”