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Seeney: Galilee Basin projects face 'enormous uncertainty'

Adani Carmichael Mine.
Adani Carmichael Mine. Sam Panthaky

DEPUTY Premier Jeff Seeney says the future of Galilee Basin projects is now in "grave doubt" following the outcome of the State Election, but mining giant Adani says otherwise.

Mr Seeney said major infrastructure projects including the Carmichael mine in central Queensland and Brisbane's Queens Wharf were now uncertain with a minority government expected to be formed.

But mining giant Adani, which is behind the Carmichael mine, issued a statement saying the result of the election would not influence the company's financial decision-making on its Galilee Basin project.

The company's project involves the mine together with associated rail and port infrastructure.

The LNP Government was supportive of Adani's Carmichael project and planned to invest in an associated railway line.

Adani chief Jeyakumar Janakaraj said deciding whether to proceed or not was based on the project's cost/benefit.

He said he would work with the new premier to deliver jobs and $22 billion in taxes and royalties to Queensland.

Despite this, Mr Seeney said the project would be part of LNP's legacy and that this project was "history now" and for other people to judge.

"Certainly the Galilee Basin will never happen under a Labor Government, there is no question about that," Mr Seeney said.

"...What a minority government might do with Queens Wharf and the Galilee Basin and a whole lot of infrastructure projects is an enormous uncertainty.

"And that's a tragedy for the international investment community."

During Labor's campaign, shadow treasurer Curtis Pitt said the party supported the Galilee Basin development but not spending taxpayer dollars on project components.

There has also been confusion over how many jobs the project would create.

Mr Seeney said yesterday the LNP helped create almost 22,000 jobs in the Galilee Basin while Adani said its new project would create 10,000 jobs.

Topics:  adani galilee basin jeff seeney lnp politics queensland election 2015


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