NADB-BECC Board of Directors approve more than US$260 million for 14 projects in 2015
San Antonio, Texas – The Board of Directors for the Border Environment Cooperation Commission (BECC) and the North American Development Bank (NADB) held its semi-annual meeting and reviewed 2015 results for both institutions, which included the certification of 14 environmental infrastructure projects along the U.S.-Mexico border, representing a total estimated investment of more than US$833.6 million. Additionally, during the meeting, the Board approved a resolution doubling the capital of the Bank—US$450 in paid-in capital and the remainder in callable capital—subject to the legislative authorization processes of both countries.
Initial US$1.8 million loan disbursement to support low-emissions bus program in Mexican border cities
San Antonio, Texas: The North American Development Bank (NADB) made an initial disbursement of US$1.8 million to Mercader Financial, S.A., SOFOM, E.R. (“Mercader”) to support its financing program for the purchase of low-emission vehicles manufactured by DINA Camiones S.A. de C.V.
Training provided to local officials on climate change and water resource management
Tecate, Baja California – A seminar on managing water resources under climate change conditions for water utilities and municipal public service departments began yesterday in Tecate, Baja California. The three-day seminar is being presented by the North American Development Bank (NADB) in coordination with the Latin American and Caribbean water center, Centro del Agua para América Latina y el Caribe (CDA), of the Monterrey Technological Institute (ITESM).
NADB-BECC Board of Directors extends tenure of managing directors for the North American Development Bank and the Border Environment Cooperation Commission
San Antonio, Texas - The Board of Directors of the North American Development Bank (NADB) and the Border Environment Cooperation Commission (BECC) has approved two-year contract extensions for NADB Managing Director Geronimo Gutierrez, NADB Deputy Managing Director Alex Hinojosa and BECC General Manager Maria Elena Giner.
Financing closed for first utility-scale solar park in Mexico through a self-supply scheme with private off-takers
San Antonio, TX – The North American Development Bank (NADB) and Buenavista Renewables (BVR) have signed a US$15.5 million loan agreement for construction of the Los Santos Solar I Park located in Ahumada, Chihuahua. The Overseas Private Investment Corporation (OPIC) is also providing senior debt in support of the project.
First U.S.-Mexico cross-border wind farm inaugurated in Tecate, Baja California
Tecate, Baja California, August 19, 2014. – The Governor of Baja California, Francisco Vega de la Madrid, along with Dr. Luis Videgaray, the Mexican Secretary of Finance and Public Credit, and Pedro Joaquín Coldwell, the Mexican Secretary of Energy, presided over the ribbon-cutting ceremony of the first U.S.-Mexico cross-border wind farm, which cost approximately US$300 million to build and is supplying energy to San Diego County, California.
Bisbee provides first-time sewer service to Tintown residents
Bisbee, Arizona – A ribbon-cutting ceremony was held today to mark the completion of the Tintown Sanitary Sewer Project. The North American Development Bank (NADB) has provided a US$1 million grant to partially fund the US$1.69 million project. This is the first time Tintown residents are receiving services from a dedicated and centralized sewer system.
New Aqueduct to Serve Rio Grande Mid-Valley in Texas
Mercedes, Texas – A dedication ceremony was held today to mark the completion of the Anacuitas Aqueduct located along Expressway 83 in Mercedes. The North American Development Bank (NADB) provided a US$1.25 million grant to Hidalgo and Cameron Counties Irrigation District No. 9 (H&CCID No. 9) to partially fund the US$4.5 million project, while H&CCID No. 9 covered the rest of the financing with its own funds. The aqueduct conveys 388 million gallons of water per day from the Rio Grande River, up through the Delta area and over to Weslaco.
Training in solid waste management provided to municipal sanitation officers in Chihuahua
Chihuahua, Chihuahua – 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), will initiate a seminar tomorrow for municipal sanitation officers from communities throughout the state of Chihuahua.
Climate change webinar presented to utility personnel in the metropolitan area of Monterrey, Nuevo Leon
Monterrey, Nuevo León. – Today, the North American Development Bank (NADB) launched a climate change webinar for water utility personnel in the metropolitan area of Monterrey, Nuevo Leon. The 40-hour webinar, “Turn Down the Heat: Why a 4°C Warmer World Must be Avoided” was offered in a group session by NADB through the massive open online course (MOOC) platform of the Word Bank.