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Port of Brownsville, Big River Steel LLC sign option agreement

[ April 26, 2018   //   ]

The Brownsville Navigation District Board of Commissioners – the governing body for the Port of Brownsville¬†– has signed an option agreement covering up to 800 acres of property with Big River Steel LLC enabling the steel-maker to continue its due diligence pursuant to the company’s interest in developing a LEED-certified steel manufacturing plant, storage and distribution facility. The plant would cost more than $1.6 billion to construct.

“This is good news for Brownsville and the result of hard work by many individuals and organizations over a long period of time. Our rail partner OmniTRAX played an important role in introducing this opportunity to the port,” stated John Wood, Chairman of the BND. “We are excited about this step forward and remain confident the venture will be¬†beneficial for all parties, for Brownsville and the Rio Grande Valley.

“The addition of 500 new full-time local jobs, and the impact of those jobs in terms of retail spending, services, and new housing impacts represent a transformational moment for Brownsville and the Valley,” Chairman Wood continued. Wood expects up to 1,500 construction workers would be needed to build the specialized steel plant.

 

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