April 26, 2024 09:11 (IST)
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Queensland approves Adani rail project
New Delhi, Aug 14 ((IBNS): The Queensland State Government has cleared the Galilee Basin rail line project to be executed by the Adani Group.
It follows the Australian Federal Government’s recent decision to give environmental approval to Adani Mining’s $16.5 billion Carmichael Coal Mine in the State.
Australia’s High Commissioner to India, Patrick Suckling, has welcomed the decision.
“The 300-km rail line will be a key link connecting the Carmichael coal mine west of Moranbah to the port of Abbot Point,” said Suckling.
The proposed standard gauge greenfield rail line will cost $2.2 billion and be able to transport 100 million tonnes of coal a year.
“This is an important decision as it will enable the State to tap its rich resources potential. It signals that Australia welcomes investment by Indian companies and is open for business,” he said.
“The decision also shows that comprehensive, robust and timely assessments can be undertaken on Australian resources projects,” Suckling added.
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