News from Townsville Enterprise

June 6th, 2017

Advocacy Alert: Adani's Carmichael Project Receives the Green-Light

What a momentous day it's been for the Townsville North Queensland region, on none other than Queensland Day - a day that celebrates our great State's 158 years of independence!

This morning, Adani Australia Head of Country and Chief Executive, Jeyakumar Janakaraj, announced that Adani Chairman, Gautam Adani, has formally given the Carmichael Mine Project the green-light. The announcement was made at the opening of the Adani Regional Headquarters in Townsville – officially declared open by Queensland Premier, Annastacia Palaszczuk, and witnessed by a number of local, state and federal political leaders, including Minister for Northern Australia and Resources, Senator Matt Canavan and State Opposition Leader, Tim Nicholls MP.

The approval of the Final Investment Decision by the Adani Group Board confirms the commencement of the largest single infrastructure and job creating development in Australia's recent history. This has cemented the future growth and prosperity of regional Queensland and confirmed the significant employment opportunities that will be delivered to thousands of regional Queenslanders.

Mr Janakaraj took a moment during the announcement this morning to reflect on the past seven years, noting that although Adani has endured endless delays and scrutiny, the company never backed away from its core values of courage, trust and commitment. Mr Janakaraj made a point of acknowledging and thanking regional Queensland’s support and trust in the company, and reiterated its commitment to delivering 10,000 direct and indirect jobs across the Project. Pre-construction is due to commence as early as September 2017.

Adani has already invested $3.3 billion into the project including purchasing the Abbot Point bulk coal handling port and appointing Downer Mining for the construction and operation of the Carmichael Mine. The company has also recently announced contracts totalling more than $150 million for railway tracks and concrete sleepers for the rail link between the mine and Abbot Point, as well as a further contract awarded to Townsville based company, AECOM, to complete surveying and design for the rail link. The AECOM deal alone will generate 70 Townsville based jobs.

This generational project will be the first new coal basin opened in Australia in 50 years and is the largest investment an Indian company has ever made in Australia. Adani’s Carmichael Project is much more than just the lifespan of one mine. By opening up the Galilee Basin, a projected 16,000 additional jobs will be created by future mines operating in the region, delivering ongoing opportunities for regional Queensland for decades. Townsville Enterprise looks forward to continuing its relationship with Adani Australia and working with the company on delivering maximum employment opportunities for Townsville North Queensland.

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