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.
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.
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.
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.
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.
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.
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.
First project supported by NADB in the sector of public transportation. Project will initially finance 100 buses manufactured by DINA Camiones.
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.
Victoria, Tamaulipas. – On Thursday, the Utility Management Institute (UMI) of the North American Development Bank (NADB), in coordination with Latin American and Caribbean water center, Centro del Agua para América Latina y el Caribe (CDA), of the Monterrey Technological Institute, ITESM, initiated a two-day intensive seminar on “How to Implement Rates Successfully” for 14 water utilities in Tamaulipas.