Adani white elephant ‘almost locked in’, says son

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By Leith van Onselen

With the Turnbull Government confirming that the Adani Carmichael coal mine will not receive NAIF funding, Australia’s largest rail freight company – Aurizon – stating that it will withdraw its application for a federal government loan to build the rail corridor, as well as deep public opposition, the project should have been abandoned long ago.

And yet, like a zombie from the Walking Dead, it continues to stumble along, with the son of the company’s owner, Karan Adani, claiming the company was close to securing the final $1.35 billion needed to finance the rail line. From the Courier Mail:

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.