QLD government to use Northern Australia Infrastructure Facility to help Adani - iMINCO Mining Training Information

QLD government to use Northern Australia Infrastructure Facility to help Adani

Adani Carmichael mine could be helped along by Northern Australia Infrastructure Facility funding

Queensland Treasurer Curtis Pitt has promised the state government will pass any federal infrastructure funds for the Adani project, dismissing concerns it will stand in the way of the proposed loan.


Adani loan for Carmichael mine

Mr Pitt on Monday confirmed the minority Labor government would transfer any loans for the $21 billion project granted by the Northern Australia Infrastructure Facility as required.

“We will not stand in the way of those arrangements. In the case of the Carmichael Mine, any funds will pass directly from the federal government to Adani,” he said in a statement.

“NAIF was established by the federal government and any project financing approved by the independent NAIF board will flow between the federal government and a project proponent.”

Mr Pitt reiterated the state government promised no Queensland taxpayer funds would be used to subsidise the rail line for the Carmichael project, and they were keeping that promise.

Mines Minister Dr Anthony Lynham reiterated the point later on Monday.

“It is between the federal government and (Adani) but the state will not impede that process,” Dr Lynham told reporters.

Federal Infrastructure Minister Matt Canavan had sought urgent clarification of the government’s position on the issue, after Deputy Premier Jackie Trad announced on the weekend Queensland would not be involved in the NAIF loan.

Shadow Treasurer Scott Emerson said the confusion showed more division within Labor, after more than a week of factional fighting over a royalties deal for Adani.

“We have a premier in Annastacia Palaszczuk who has lost control of her own government, ” Mr Emerson told reporters on Monday.

Federally, the Turnbull government is putting pressure on Labor leader Bill Shorten to intervene in the state factional fight to streamline the process.

Deputy Prime Minister Barnaby Joyce has called on Mr Shorten to remember his days as a union representative and fight for workers.

“”I don’t think Bill Shorten is a very strong sort of fella, he hasn’t got the ticker to stand up, and that’s a shame because there are jobs,” Mr Joyce told ABC Radio on Monday.

However Greens MP Adam Bandt is urging the prime minister to “stop being beholden to the Trumps on his backbench” in support of the mine.
Read more at http://www.9news.com.au/national/2017/05/29/11/34/qld-promises-to-pass-naif-funds-to-adani#L3I56g2K9zrlDV5F.99