Adani Project a Welcome Boost for the Queensland Economy: CCIQ

Thursday 29 November, 2018 | By: Dan Petrie

The Chamber of Commerce and Industry Queensland (CCIQ) has welcomed the announcement that work on the Adani Carmichael project will soon commence following advice from Adani the project will be self-funded.

CCIQ notes that royalties paid by resources companies are worth more than $4.3 billion to the Queensland economy and the construction phase of the project will provide a major boost to regions such as Townsville and Mackay.  

CCIQ Head of Industry, Dan Petrie said the announcement of the Adani Carmichael coal project will significantly boost the state and national economies underscoring the importance of the mining industry to Queensland’s long term prospects.

“This is a high quality project extracting quality coal which will have a transformative effect on the energy industry in India.

“The Adani project is not only good for Queensland but helps strengthen the burgeoning trade relationship between India and Australia,” Mr Petrie said.

CCIQ would remind opponents to the project that Adani has satisfied every environment requirement that has been asked of the group.   

“Governments at both state and federal level maintain some of the strictest environment standards of any jurisdiction in the world.

“This is a good project for Queensland and more specifically North Queensland where the flow-on effect of new jobs, investment and benefits to small business cannot be underestimated,” Mr Petrie said.  

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