Adani Enterprises applies to Australian government fund for coal mine railway financing

India’s Adani EnterprisesBSE 3.46 % has applied for financing from an Australian infrastructure fund to build a rail line that is part of a $16 billion coal project in the state of Queensland, Australia’s resources minister said on Monday.

Financing from the A$5 billion Northern Australian Infrastructure Facility (NAIF) would offer a boost to Adani after some major banks said they would not participate in the controversial coal project.
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