CEO of Adani Ports and Special Economic Zones Karan Adani discussed the positive progress on the Carmichael Project during an interview on Indian television yesterday.
“We have completed the financing on the mine. Our port is already operational. Now we are just closing the financing of the rail part. Once that is all done we will start,” he said.
Adani continues to work to secure finance for the Carmichael Project. This process is progressing well.
Finance for the mine is contingent on securing finance for the rail component of the project as both are interdependent.
We are 100% committed to delivering the Carmichael Project for Queensland.
The Carmichael Project has received more than 112 project approvals and also been successful in nine court challenges to get to this stage. We continue to work through secondary approvals, in line with our project conditions.