Good news for Yeppoon and Capricorn Coast Region - Construction to start this year on Adani's $16b megamine

Posted: 8th Jun

CONSTRUCTION on Adani's Carmichael mine will begin later this year after the coal giant's chairman this morning gave the green light for mine and rail projects in central Queensland.

Chairman Gautam Adani announced the project had received Final Investment Decision (FID) approval, marking the official start of one of the largest single infrastructure and job-creating developments in Queensland history.

"This is a historic day for Adani, a historic day for regional Queensland, and a historic day for Indian investment in Australia," Mr Adani said.

"This is the largest single investment by an Indian corporation in Australia and I believe others will follow with investments and trade deals.

"We have been challenged by activists in the courts, in inner-city streets and even outside banks that have not even been approached to finance the project.

"We are still facing activists. But we are committed to this project.

"We are committed to regional Queensland and we are committed to addressing energy poverty in India."

Mr Adani said the Carmichael projects would generate 10,000 direct and indirect jobs, with pre-construction works starting in the September quarter.