Adani says it still needs a loan for rail line if coalmine is to go ahead.

Adani says its Carmichael coalmine remains contingent on a loan to build a rail line to the Galilee Basin – comments that analysts believe will ramp up pressure on the Australian government to further subsidise the project.

Adani needs to build a $2bn, 300km rail line
 if the Carmichael coalmine is to go ahead. 

Karan Adani, the son of company boss Gautam Adani, and the head of the conglomerate’s ports business, told India’s Economic Times the company had “completed financing on the mine” and that it had received all necessary approvals.

He said Adani was “just closing” a loan to pay for a rail line connecting the Galilee Basin to the Abbot Point port. “Once that is done, we will start,” he said.

Read the story by Ben Smee from The Guardian - “Adani says it still needs a loan for rail line if coalmine is to go ahead.”