Adani forced to set up its own haulage company to haul Carmichael coal
There are only three companies in Australia that would have been equipped to haul Adani’s coal and Adani was unable to secure haulage services from any of them. Adani has been forced to set up its own haulage division, the Bowen Rail Company.
The Bowen Rail Company is owned by Adani Ports and Special Economic Zone, the company that operates Adani's 10 ports in India. Until now, Adani Ports has not been directly connected to the Carmichael coal project. Adani Ports' diversification into haulage for the Carmichael coal project, means that Adani Ports' investors and arrangers are now at risk of funding Adani's hugely controversial coal project.
Our take on today's news incl Adani's bizarre attempt to keep the links between it & its new #coal haulage co a secret.— Market Forces (@market_forces) September 10, 2020
This new company is owned by Adani Ports, thereby exposing major banks & investors to the #climate-wrecking Carmichael mine#StopAdanihttps://t.co/cjsVWBuwGC