21.4 C
Byron Shire
May 13, 2021

Adani finance deal imminent: report

Latest News

Locals question placing homes in areas of inundation risk

It is where the community fought off Club Med and it is once again in the spotlight as the current owners, Elements, are seeking to have the zoning of the environmentally sensitive area in Bayshore Drive changed from tourism to residential

Other News

Secret footage from Manus detention centre to be screened in Lismore

A thirteen-minute award-winning documentary based on footage secretly filmed inside Australia’s former detention centre on Manus Island is to be screened in Lismore Thursday night.

Developers push swamp boundaries – will council push back?

It has once again been left to residents to raise serious issues in relation to a development application (DA) that is pushing to overdevelop at 6 Keats Street, Byron Bay at the expense of the environment, in particular the Cumbebin Swamp.

Join Clarkes Beach paddle out this weekend to stop massive oil and gas field project

Hundreds of local surfers and water-lovers will paddle out at Clarke’s Beach over the weekend to protest against a massive oil and gas field proposed for the NSW coast.

Creative carbon capture

Desmond Bellamy – Special Projects Coordinator, PETA Australia, Byron Bay Last week, the Australian government pledged half a billion dollars for ‘clean’...

Govt’s new housing plan fails to impress local reps

Local government representatives on the Northern Rivers have expressed doubts over the state government’s new Housing 2041 Strategy.

Jonson Street bus shelter gone and an era ended

Byron Shire Council says that the wooden bus shelter on Jonson Street outside the Byron Visitors Centre is being removed today with all bus services operating from the new bus interchange on Butler Street in Byron Bay

The Stop Adani rally at Byron Bay's Main Beach made a clear point. Photo Orion Sturch
The Stop Adani rally at Byron Bay’s Main Beach made a clear point. Photo Orion Sturch

The Adani Group is reportedly close to announcing it has the money to build its controversial Queensland coal mine and rail link, but there are concerns the involvement of Chinese cash could cost Australia jobs.

An unnamed director of Adani Mining has told industry figures that the company had secured Chinese funding for the Carmichael mine and associated rail line, the ABC says.

He reportedly said Adani wouldn’t need a loan of up to $1 billion from the taxpayer-funded Northern Australian Infrastructure Facility for the rail line.

A formal announcement about the financing deal is imminent.

But the ABC reports that reliance on funds from Chinese enterprises and export credit agencies could cost Australia jobs associated with the project.

Such Chinese interests invariably require that materials for key infrastructure are sourced from China and that effective shifts work out of Australia, the ABC said.


Support The Echo

Keeping the community together and the community voice loud and clear is what The Echo is about. More than ever we need your help to keep this voice alive and thriving in the community.

Like all businesses we are struggling to keep food on the table of all our local and hard working journalists, artists, sales, delivery and drudges who keep the news coming out to you both in the newspaper and online. If you can spare a few dollars a week – or maybe more – we would appreciate all the support you are able to give to keep the voice of independent, local journalism alive.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Go straight to the source on the Future Water Project

Rous County Council has announced a series of information days to be held this month where the community can ‘drop in’ and find out more about the revised draft Future Water Project 2060.

Free mental health workshop for Byron businesses

Business owners in Byron Shire are invited to attend a free 'Healthy Mindset' workshop aimed at providing them with resources and tools to improve mental health and wellbeing, as well as the opportunity to connect with other business owners.

Trainspotters

Jillian Spring, Billinudgel In the article –  At a gathering of trainspotters, 21/4/21 by David Lisle, re Tweed Council Rail Trail, it is noted in...

Remembering Bentley

Saturday 15 May is the seventh anniversary of Victory Day at the historic Bentley Blockade, just west of Lismore.