Adani project ‘mov­ing for­ward’, says Ciobo

‘Tak­ing longer than Aus­tralia’s lik­ing’

The Hindu - - BUSINESS -

Aus­tralia’s Trade, Tourism and In­vest­ment Min­is­ter Steven Ciobo on Wed­nes­day said the Adani Group’s planned multi­bil­lion dol­lar coal min­ing project was mov­ing for­ward, but was tak­ing “much longer than the [Aus­tralian] gov­ern­ment would have liked.”

‘Process’ com­pli­ance

“It is cer­tainly mov­ing for­ward... There have been as­pects of that in­vest­ment that have taken much longer than I would have liked or the gov­ern­ment would have liked. That is the statement of fact, but there is a process to be fol­lowed,” Mr. Ciobo told re­porters.

Asked whether the Aus­tralian gov­ern­ment was look­ing to ex­tend fi­nanc­ing sup­port to the Adani Group for the min­ing project through its North­ern Aus­tralia In­fra­struc­ture Fa­cil­ity (NAIF), the Min­is­ter said there was a sep­a­rate body look­ing into it.

Steven Ciobo

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