Queensland Taxpayers’ $2 billion Abbot Point Subsidies Bill
The Newman Government has subsidised controversial coal mining port expansion to the tune of $2 billion, Australia Institute Research has revealed.
The Abbot Point project has not undergone a cost benefit analysis. This despite Queensland Treasurer, Tim Nichols, calling for cost benefit analysis on all major government projects.
Mining projects which were set to feed the Abbot Point terminal also face legal challenges, exposing the Queensland taxpayer to further risk of having paid for a white elephant coal terminal.