Today marks a great milestone for all central Queensland local townships with Adani confirming it has secured finance and will start commencement of early construction on the Carmichael Mine. This will provide a valuable injection into the local Townsville economy bolstering local jobs and population growth along with helping the recovery of the Townsville Property Market.
According to the Bulletin, Mr Dow said work on the mine would start first after management plans were approved by state and federal governments. Work on the rail line was expected to begin early in the New Year. The first coal experts would be produced in 2021.
ABOUT 1500 JOBS
Mr Dow said the project would deliver 1500 direct jobs during the initial ramp-up and construction phase of the mine and rail projects. Thousands of more indirect jobs would be created.
Townsville and Rockhampton were still expected to be the primary source markets for jobs but workers would also be hired from other areas.
The Federal Government has been quick to welcome Adani’s announcement that finance has been secured for its Carmichael mine and rail project.
Resources and Northern Australia Minister Matthew Canavan congratulated Adani on its focus and commitment to the project in the face of “longstanding, ill-informed protest activity and an indecisive State Labor Government.”
“Adani’s ability to re-scope and finance its Carmichael mine and rail project proves it is a viable, job-creating concern which stands on its own two feet financially and environmentally,” he said.
“This type of commitment is the hallmark of Queensland’s resources sector, which has a well-earned reputation of being the powerhouse of Queensland’s economy.”
Senator Canavan said communities like Townsville, Bowen, Mackay, Rockhampton, Gladstone, the Central Highlands and others had prospered because of the mining sector.
“Queenslanders are looking forward to projects such as the Carmichael mine reinvigorating those towns and others once again,” he said.
“The Carmichael project has the potential to create more than 7000 new jobs in Queensland — a remarkable contribution to our regional and state economies.”
The Queensland Resources Council was also positive about Adani’s announcement.
Chief executive Ian Macfarlane said Adani had shown it was committed for the long-term for an investment that will create jobs now and decades into the future.
“In recent months Adani has made sensible revisions to the project to ensure it can get underway as soon as possible, including a scale up to capacity and a decision to use common narrow gauge infrastructure,” he said.
“Today’s announcement will be an economic kickstart for all of Central and North Queensland, in particular for Rockhampton and Townsville where most of the jobs will be created. But there are also benefits for communities around Mackay, Bowen, Moranbah, Clermont and the Isaac and Central Highlands regions.”