City of Douglas, Arizona hosts ribbon-cutting ceremony for treatment plant upgrades
NADB and EPA funds support expansion of key infrastructure
NADB Board of Directors approves COVID-19 Recovery Program to support border communities and a new project during semi-annual meeting
- Virtual meeting held via webinar with almost 200 participants
- COVID-19 response program approved to support border communities
- US$3.4 million in financing approved for an environmental project in Mexico
$3M grant agreement signed for water project in Presidio, Texas
The North American Development Bank (NADB) and the City of Presidio, Texas, signed a $3 million grant agreement. The grant is being provided through NADB’s Border Environment Infrastructure Fund (BEIF), which is funded by the U.S. Environmental Protection Agency (EPA) and will go toward improvements to the city’s drinking water system.
Phase I of Comprehensive Wastewater System Study completed in Nuevo Laredo, Tamaulipas
The North American Development Bank (NADB) announced the conclusion of the first phase of a study for the rehabilitation of the wastewater collection system in the Arroyo del Coyote basin and the initiation of the second phase, which covers the entire wastewater system in Nuevo Laredo, Tamaulipas. The study is being funded by the Environmental Protection Agency’s (EPA) Project Development Assistance Program (PDAP) and administered by NADB. The program provided US$120,000 for Phase I and is providing an additional US$95,000 for Phase II.
NADB hires new Chief Financial Officer
The North American Development Bank (NADB) has hired Julio Zamora, a dual United States and Mexico citizen with over 30 years of experience in international financial markets, as its new Chief Financial Officer.
USMCA passage and North American Development Bank Statement
“More than 17 million US-Mexico border residents have been positively impacted by the Bank’s financing of environmental infrastructure. I am pleased that our work in partnership with our many border stakeholders is being validated through the inclusion of the capital increase in USMCA,” said Dr. Calixto Mateos-Hanel, Managing Director of the North American Development Bank.
US$11.2-million loan contracted to rehabilitate and upgrade wastewater treatments plants in Chihuahua, Chihuahua
The North American Development Bank (NADB) and Aguas de Reúso y Energía Renovable, S.A. de C.V., (ARERSA) signed a loan agreement for up to $233.4 million pesos (equivalent to about US$11.2 million), to cover part of the financing for the rehabilitation and upgrade of the North and South Wastewater Treatment Plants (WWTP) in Chihuahua, Chihuahua.
NADB, Santander, Banorte and EKF, sign loan agreement for a 117-MW wind project in Reynosa, Tamaulipas with Delaro, S.A.P.I. de C.V., sponsored by Thermion
The North American Development Bank (NADB), Banco Santander, S.A., Banco Mercantil del Norte, S.A. (Banorte), as lenders, with the participation of EKF Danmarks Eksportkredit (EKF), as guarantor, have signed a loan agreement for the design, construction and operation of the 117-megawatts (MW) wind farm “Delaro, S.A.P.I. de C.V.”, located in the municipality of Reynosa, Tamaulipas. The project is sponsored by Fideicomiso Thermion Energy CKD I.
NADB Board of Directors approves loan for 100-MWAC Akin Solar Project in Pitiquito, Sonora
The Board of Directors of the North American Development Bank (NADB) has approved a loan for up to US$100 million for the design, construction and start-up of the Akin Solar Energy Project located in the municipality of Pitiquito, Sonora.
IFC and NADB provide US$200 million loan to IEnova to fund solar power projects in México
IFC, a member of the World Bank Group, and the North American Development Bank (NADB) will provide US$200 million in green loans to Infraestructura Energética Nova S.A.B. de C.V. (IEnova), to finance four solar power plants with a total capacity of 376 MW across Mexico.