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September 25, 2014

Australia approves Adani’s North Galilee Basin Rail project

India-based Adani Enterprises has received approval from the Australian Government for the North Galilee Basin Rail project (NGBR).

India-based Adani Enterprises has received approval from the Australian Government for the North Galilee Basin Rail project (NGBR).

The Galilee Basin is said to be potentially the last undeveloped coal resource within Queensland, Australia.

Adani will invest A$2.2bn ($1.94bn) to construct the 300km line, which will be able to transport 100 million tonnes of coal per year, ABC reported.

This rail project aims to support Adani’s $15bn coal mining project, which will provide electricity to around 100 million people in India.

"With these projects, Adani expects to create more than 10,000 jobs and help the state of Queensland."

Starting from the Carmichael Coal Mine, this line will help Adani to connect with the east coast port of Abbot Point, near Bowen in north Queensland.

Adani mining chief executive Jeyakumar Janakaraj was quoted by The Economic Times as saying: "Today’s approval is a significant milestone in the life of our integrated mine, rail and port project, helping transition from approvals to the build phase.

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"The minister’s detailed consideration of our rail plan and subsequent approval, together with the work done by Deputy Premier Seeney, has ensured Adani is well-placed to progress its long-term future with Queensland."

With these projects, Adani expects to create more than 10,000 jobs and help the state of Queensland.

Adani recently announced Korea’s POSCO E&C as the EPC contractor and joint-venture partner on the NGBR project.

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