The Brownsville Navigation District and NextDecade Corporation announced April 24 a landmark agreement set to transform the business landscape of the Rio Grande Valley.
The Brazos Island Harbor Channel Improvement Project (BIH) Funding Agreement commits NextDecade to privately fund key improvements to the Brownsville Ship Channel. The company will pay 100 percent of the deepening of the ship channel from the Gulf of Mexico to the western boundary of the proposed Rio Grande LNG project site at the Port of Brownsville. NextDecade will also fund the widening of the bend close to the entrance of the Brownsville ship channel to improve navigational safety.
“A wider, deeper channel not only benefits existing and future port customers, it also benefits our LNG partners,” said John Reed, Brownsville Navigation District chairman. “When complete, the deeper channel will make us among t
Read More