04:37 AM EDT, 08/06/2024 (MT Newswires) -- NextDecade ( NEXT ) said late Monday that its subsidiary, Rio Grande LNG Train 4, has signed a $4.3 billion engineering, procurement and construction contract with Bechtel Energy to construct Train 4 and related infrastructure at the Rio Grande LNG Facility.

The company said the contract price is valid until December 31.

Total project costs for Train 4 and related infrastructure are estimated at $6 billion to $6.2 billion, including $1.7 billion to $1.9 billion for owner's costs, contingencies, and financing, NextDecade ( NEXT ) said, adding this is in line with the per-train cost of the three-train Phase 1 at the Rio Grande LNG Facility, which is currently under construction.

NextDecade ( NEXT ) continues to target a final investment decision of Train 4 in H2 2024.

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