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Adani, QR National to work on $6-bn coal rail

India’s Adani Enterprises and Australian rail operator QR National plan to work together to study building a $6 billion rail line from Adani’s Queensland coal project to the Pacific Ocean, the two companies said on Monday.

business Updated: Jul 02, 2012 21:43 IST
Reuters

India’s Adani Enterprises and Australian rail operator QR National plan to work together to study building a $6 billion rail line from Adani’s Queensland coal project to the Pacific Ocean, the two companies said on Monday.

Both companies won approval from the Queensland state government for separate rail routes last month, and have now agreed to run a feasibility study looking at infrastructure to handle 60-80 million tonnes a year from Adani’s Carmichael mine.

The rail line is key to Adani’s $10 billion coal project in the Galilee Basin, an untapped region where five major mines, including Indian firm GVK Power & Infra, could produce more than 200 million tonnes of coal a year.

First Published: Jul 02, 2012 21:42 IST