Don’t miss the latest developments in business and finance.

Green light for Adani's Carmicheal mine and rail project in Central Queensland

Image
Capital Market
Last Updated : Jun 06 2017 | 5:07 PM IST

Pre-construction works to start in September quarter 2017

Adani Chairman Gautam Adani on 6 June 2017 has given green light for the Carmicheal mine and rail project in Central Queensland. He said the Carmicheal projects will generate 10,000 direct and indirect jobs with pre construction works starting in the September quarter 2017.

Australian Head of Country and Chief Excutive, Jeyukumar Janakaraj, said the company had already invested $3.3 billion in the project including buying bulk coal handling port at port of Abbot Point.

Adani signed contracts for design, construction, operations, supply of materials and professional services. The biggest worth $2.6 billion is with Downer Mining for the construction and operation of the Carmicheal mine.

The Company also announced in the past few weeks contracts totalling more than $150 million for railway tracks and concrete sleepers for the planned 388 kilometre standard gauge rail link between the mine and Abbot Point.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Jun 06 2017 | 9:52 AM IST

Next Story