nextdecade corp next disclosed the final investment decision fid related to the phase 1 construction at its rio grande lng rglng export facility in brownsville texas the company planned to proceed with rglng phase 1 which includes building the first three liquefaction trains at the 27 million tonnes per annum mtpa facility the project has financing of 184 billion the largest greenfield energy project financing in us history the financing includes a joint venture deal with around 59 billion of commitments from totalenergies se tte gic global infrastructure partners gip and mubadala investment company as per the jv next is entitled to receive up to 208 of the cash flows generated by phase 1 while tte is entitled to get 167 and other companies 625 the agreements further provide the companies options to invest in rglng train 4 and train 5 and an opportunity to invest in the planned carbon capture and sequestration ccs project at rglng apart from this next will invest around 283 million in phase 1 which comprises prefid capital investments of 125 million to finance the project the company also closed senior secured bank credit facilities of 116 billion and senior secured private placement notes offering of 700 million overall the final engineering procurement and construction cost for phase 1 is estimated at 120 billion we look forward to delivering this important lng project that will supply the world with reliable and lowercarbon intensive lng while proudly supporting the rio grande valley community by investing billions of dollars and creating thousands of much needed and welldeserved jobs now our focus turns to safely constructing phase 1 on time and on budget and progressing commercial negotiations on rglng train 4 and train 5 to further expand our lng platform and grow nextdecade shareholder value said matt schatzman chairman and ceo price action next shares are trading higher by 130 at 859 premarket on the last check thursday