ROI Land Investments Ltd and LNG Canada Development Inc. have entered into an agreement for ROI to develop housing in Kitimat, British Columbia (B.C.).
Of the 93 units being developed, LNG Canada will lease 35 units, which include a mix of apartments and townhouses, to house some of its employees required to support the proposed LNG project.
Demand for housing
Commenting on the collaboration, Philippe Germain, President of ROI, said: "We are excited to partner with LNG Canada as it seeks to bring the liquefied natural gas industry and its economic benefits to the people and communities of the North Coast of British Columbia. Our housing development project will not only support LNG Canada, but also help meet the growing demand for quality housing in the region."
Andy Calitz, CEO of LNG Canada, added: "We heard very clearly from the local community how important it is that LNG Canada considers potential impacts to housing availability as a result of our proposed project. Our partnership with ROI allows LNG Canada to secure much needed housing for employees, and reflects our commitment to listen to, and act on feedback from our stakeholders, when possible."
Kitimat LNG project
Under the five-year agreement, ROI will construct housing for some of LNG Canada's employees in a phased approach. LNG Canada has committed to the five-year lease, regardless of a positive financial investment decision (FID) by the joint venture participants behind the proposed project. In the first phase of the housing project, ROI is expected to build 35 apartments and nine townhouses in Kitimat, which should be completed by the end of May 2016. As part of the agreement with LNG Canada, ROI will seek to hire local people and businesses.
Adapted from press release by Katie Woodward
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/27052015/roi-building-houses-for-lng-canada-829/