BBI Group Announcement - Signs Balla Balla Project Construction Partner

Exciting News!

The BBI Group have just announced the signing of a Memorandum of Understanding (MOU) with China State Construction Engineering Corporation Limited (CSCEC) for the construction of the Balla Balla Project.

The MOU was signed in a ceremony attended by the Australian Prime Minister Hon. Malcolm Turnbull and the Chinese Premier, Li Keqiang.

CSCEC is one of the world's largest construction companies, and one of the biggest companies in China.

This is a major milestone for the BBI Project, the Pilbara Region, and local Businesses.

Combined with the commitment of the WA Labor Government that they have allocated $50 million to seal part of the Tom Price Road for the Project, which will expedite the Project moving forward.

BBI Chair Jon Young said the partnership between BBIG and CSCEC represents another significant milestone for the BBI Project and a step towards BBIG reaching a final investment decision and a start on construction in 2018:

"To have signed such an important MOU for our project in the presence of the Australian Prime Minister and the Chinese Premier confirms the strength and international significance of the BBI Project.

We are pleased to have secured the confidence and support of China State Construction Engineering Corporation, an internationally significant construction partner who possesses world class experience in the delivery of large scale infrastructure projects, including port and rail infrastructure. The MOU between BBIG and CSCEC recognises the critical importance of a Pilbara experienced workforce to the successful delivery of the project.

The formalisation of the partnership with China State Construction Engineering Corporation is a very important milestone for BBIG.  It advances the project delivery strategy and enables BBIG to mature the project funding.

Partnering with China State Construction Engineering Corporation provides BBIG the opportunity to access CSCEC's large scale infrastructure delivery capabilities and allows CSCEC the opportunity to showcase these capabilities on a large scale project in Australia.

The MOU notes the potential for Flinders Mines' Pilbara Iron Ore Project to be a foundation customer mine for the BBI Project.

Projects like this involve bringing together a large number of stakeholders and I would like to thank them for their strong support, in particular the Australian Federal Government, the Western Australian State Government, the Traditional Owners, pastoralists and local Shires.

I would also like to thank Prime Minister Turnbull and Premier Li for their participation in today's signing ceremony."

Click here to read the Media Release