The Queensland government is set to help fund new coal mines in the Galilee Basin in a bid to entice investment banks to back the projects.

The investment deal is set to be announced today and is expected to cover rail, airport, water, port and electricity infrastructure.

This includes plans to make take a short-term equity stake in Adani’s 310km railway that will link the yet-to-be-built $16 billion Carmichael mine to Abbot Point coal terminal.

READ FULL STORY by Mining Australia

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