Qld Premier vetos Adani loan

The Qld Premier, Annastacia Palaszczuk, has formally written to Prime Minister Malcolm Turnbull saying financial assistance via the Federal Government’s Northern Australia Infrastructure Fund  should not be provided to Adani’s north Galilee Basin rail project.

The decision to veto the loan has been criticised by the federal coalition government, which claims it puts the entire project at risk.  Meanwhile hundreds of suppliers who have submitted expressions of interest in  upcoming supply opportunities continue to await the final approval of financing for the project.