Qld open to NAIF mining loans: Palaszczuk

The Queensland government will consider federal loans to mining projects in the Galilee Basin, months after its earlier decision to veto a NAIF loan to Adani.

Queensland Premier Annastacia Palaszczuk.

Qld Premier Annastacia Palaszczuk has left the door open for NAIF funding for the Adani coal mine. (AAP)

Queensland Premier Annastacia Palaszczuk has left the door open to approving loans for mines in the coal rich Galilee Basin, months after blocking federal government funds to Adani.

Northern Australian Infrastructure Facility loans to mining projects will be considered by the state government on merit, Ms Palaszczuk said on Tuesday, in response to a question on notice from Greens MP Michael Berkman.

"I am advised by my Director-General that the Queensland Government is not aware of any other active NAIF proposals relating to mining development in the Galilee Basin," Ms Palaszczuk said.

It comes after her decision in November to veto a billion-dollar NAIF loan to fund a rail line linking Adani's Carmichael coal mine to the Abbot Point coal terminal.

The move threatened to derail her re-election campaign and meant Adani failed to meet a funding milestone.

Ms Palaszczuk initially claimed she was vetoing the loan to avoid conflict of interest claims against her former partner Shaun Drabsch, who had done consultancy work for the company.

However, she subsequently pivoted to say she was following party policy.

Australia's big four banks have refused to contribute money for the mine, leading the company to look overseas for funding.


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Source: AAP



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