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News

January 07, 2015

Presidents Obama and Peña Nieto agree to North American Development Bank capital increase of US$3 billion

San Antonio, Texas. – The Board of Directors of the North American Development Bank (NADB) has announced the support of the governments of the United States and Mexico for a general capital increase of US$3 billion for NADB. This amount, to be apportioned by both governments over an estimated period of five years, includes $450 million in paid-in capital and the rest in callable capital.

January 07, 2015

Residents of Cotton Valley in El Paso County to receive first-time sewer service

The project to be funded by a US$1.29 million grant. An estimated 30,000 gallons per day of wastewater to be collected and treated

December 30, 2014

Landfill gas-to-energy project in Saltillo receives loan funding

San Antonio, Texas. – The North American Development Bank (NADB) is pleased to announce the disbursement of loan funds for $38 million pesos to Lorean Energy Group, S.A.P.I. de C.V. for the development of the second phase of a biogas-to-energy plant in Saltillo, Coahuila.

December 29, 2014

Desalination plant in Ensenada, Baja California, to be funded by the North American Development Bank

San Antonio, Texas. – The North American Development Bank (NADB) announces the disbursement of a loan totaling US$22 million ($320 million pesos) to GS Inima Environment, S.A. for the construction a 5.7-millon gallons a day (mgd) capacity desalination plant in Ensenada, Baja California.

December 18, 2014

SunPeak Solar Park 2 receives $41 million loan by the North American Development Bank

Company 2, LLC (IVSC 2) signed a $41 million loan for the construction of a 20-megawatt (MWAC) solar park in Niland, California. The Imperial Irrigation District will be purchasing the energy produced by this park.

December 04, 2014

NADB-BECC Board of Directors moves forward with institutional integration; approves US$82.3 million in financing for new infrastructure projects along the U.S.-Mexico border

Washington, D.C. – The Board of Directors of the North American Development Bank (NADB) and the Border Environment Cooperation Commission (BECC) yesterday approved a resolution recommending the merger of NADB and BECC into a single institution. The proposed integration would preserve the current mission, purposes and functions of both organizations, including the environmental mandate and geographic jurisdiction of the institutions.

November 18, 2014

Tornillo, Texas receives US$3.25 million grant for a new arsenic treatment facility

San Antonio, Texas. – The North American Development Bank (NADB) and El Paso County Tornillo Water Improvement District (EPCTWID) have signed a US$3.25 million grant for the construction of an arsenic treatment facility with the capacity to treat 600 gallons per minute (gpm) that will reduce arsenic concentrations in the city’s drinking water.

November 12, 2014

Piedras Negras to receive US$218,400 grant for wastewater system rehabilitation

San Antonio, Texas. – The North American Development Bank (NADB) and the local water utility, Sistema Municipal de Agua y Saneamiento de Piedras Negras (SIMAS) in Piedras Negras, Coahuila, signed a US$218,400 grant agreement for wastewater system improvements that will prevent up to 2.3 million gallons per day (mgd) of untreated wastewater discharges into the Rio Grande.

September 30, 2014

US$9 million loan signed to finance a low-emission bus program in Mexican border cities

First project supported by NADB in the sector of public transportation. Project will initially finance 100 buses manufactured by DINA Camiones.

September 25, 2014

Holtville to receive US$3.56 million grant for wastewater treatment plant improvements

Holtville, California. – The North American Development Bank (NADB) and the City of Holtville, California, have signed a US$3.56 million grant to rehabilitate and upgrade the city’s wastewater treatment plant, which will improve the quality of water discharged to the Salton Sea and other local waterways.