An Adani Australia spokesman said the company had not approached Westpac for funding for the mine, rail or port expansion. Adani is seeking a $1bn concessional loan from the commonwealth for its rail project linking the mine to its Abbot Point coal terminal. Turnbull says government could subsidise gas pipelines and Adani rail Read more“The so-called plan is a smokescreen aimed at defending Aurizon’s expensive monopoly of coal rail lines in Queensland,” Adani said. NAB ruled out funding the Carmichael project in September 2015, a month after Commonwealth Bank parted ways with Adani as project finance adviser. The Adani spokesman said the company was “fervently committed” to the project “despite Westpac and other Australian financial houses choosing to ignore the opportunity to invest”.

Source: The Guardian April 28, 2017 02:51 UTC