News

The North American Development Bank (NADBank) will host NADBANK SUMMIT 2023 with the theme "Sustainable Regional Economic Integration: U.S.-Mexico," on August 30 and 31, 2023, at the Westin Riverwalk Hotel in San Antonio, Texas. The event will serve as a binational platform to foster analysis, dialogue and synergies on topics related to the economic integration of the region, nearshoring with an emphasis on sustainability, water challenges and innovative actions to address stressed water resources, the importance of energy transition on the border, green manufacturing and industrial parks, and the role of mobility in economic integration. Additionally, there will be two specific panels where the officials from some border states will discuss their programs, investment plans and sustainable infrastructure projects, as well as investment opportunities in the region and potential financing options available through the participating financial institutions.

This afternoon, representatives of the Mexican National Water Commission (CONAGUA), the Government of the State of Tamaulipas, the Municipality of Nuevo Laredo and its water utility, Comisión Municipal de Agua Potable y Alcantarillado (COMAPA), along with representatives of international organizations led by the U.S. Section of the International Boundary and Water Commission (IBWC) and the North American Development Bank (NADBank), signed a Commitment Agreement to take steps to expedite funding for a comprehensive wastewater collection and treatment project in the city of Nuevo Laredo. The project is intended to eliminate untreated wastewater discharges into the Rio Grande and preserve the primary source of drinking water for future generations in both Nuevo Laredo and its sister city, Laredo, Texas, as well as for communities downstream in both countries

This morning, U.S. Congressman Scott Peters (CA-50), the North American Development Bank (NADBank), and EnerSmart, a local Solana Beach renewable energy company, celebrated a ribbon-cutting ceremony for a new 6-megawatt in alternating current (MW_AC) energy storage system. This is the first project in a portfolio of nine storage facilities containing 50 blocks comprising three battery containers each, to be built at nine sites located within San Diego County, California.

The first 13 water infrastructure projects to be funded with the proceeds of the sustainability financing executed by State of Baja California have been selected and approved to begin implementation in five of the state’s seven municipalities. These projects will help prevent wastewater leaks and spills, thereby significantly reducing the risk of human contact with raw sewage and the potential contamination of surface and groundwater, as well as transboundary flows into the United States. They will also improve the quality of drinking water services for thousands of residents, thus addressing the historic backlog in water infrastructure in the state.

The Village of Vinton in El Paso County, Texas, celebrated today the completion of its Water Distribution System Project and is now providing access to safe and reliable drinking water services for 1,500 residents.

Today, the Board of Directors of the North American Development Bank (NADBank) held its first semiannual meeting of 2023 in Mexico City, during which the Board reviewed the Bank’s operations, policies and recent project activity, as well as strategic planning issues for the next four years. The Board met in Mexico City and commemorated 200 years of diplomatic relations between Mexico and the United States.

The North American Development Bank (NADBank) is pleased to announce that the first class of undergraduate students has been selected to serve as NADBank University Ambassadors from July 1 to December 31, 2023. The list of the students selected has been published on its website.

San Antonio, Texas – The North American Development Bank (NADBank) is joining a consortium of lenders in an existing US$200 million Nomura-led senior secured credit facility supporting a project company of Paz Oil Company Ltd (TASE: PZOL; ilA+ ), Arava Power Company Ltd and Menora Mivtachim, Ltd., for the design, construction and operation of a 200-MW_AC solar park project in Uvalde County, Texas, which is expected to generate electricity equivalent to the annual consumption of 13,735 houses.

A water distribution system for the Hillcrest subdivision in El Paso County, Texas, kicked off construction during a groundbreaking ceremony that took place this morning. This project will provide first-time access to safe and reliable drinking water service for 107 homes in this unincorporated area located approximately 17 miles northeast of downtown El Paso.

This morning the City of Ojinaga kicked off the rehabilitation of its sanitary sewer system, which will help protect public health and the environment by reducing the risk of pipe failures that could cause sewage overflows onto local streets and contaminate surface and groundwater.