Monterrey, Nuevo León. – The North American Development Bank (NADB) announced that its Board of Directors approved a loan for up to $1.98 billion pesos (US$122.62 million) for Regiotren, S.A. de C.V., (Regiotren) to finance the acquisition of electric cars for Metrorrey Light Rail Transit Line No. 3 in Monterrey, Nuevo Leon
Willcox, Arizona – The City of Willcox celebrated the completion of improvements to its wastewater treatment plant (WWTP), which will increase the quality of the effluent discharged to Cochise Lake, as well as better wastewater treatment services for 100% of the community. NADB provided a US$4.7 million grant for plant improvements.
The water utility in Soto la Marina, Tamaulipas, to receive US$250,000 grant from the North American Development Bank. Approximately 135 residents to have first-time access to water service.
San Antonio, Texas – Fitch Ratings affirmed the ‘AA’ rating of the North American Development Bank (NADB) with a stable outlook. Fitch’s annual rating assessment reflects the Bank’s excellent capital position, controlled asset growth and strong risk management with conservative limits for leverage and liquidity.
NADB provided US$1.89 million construction grant for wastewater collection components and sewer connections. The project provides first-time services to colonias in Hidalgo County, Texas.
Brownsville, Texas – A ribbon-cutting ceremony took place this afteroon to commemorate the completion of a wastewater collection system and residential connections in the FM 511-802 Colonias to provide service to more than 2,200 residents in the southeastern area of the city of Brownsville, Texas.
The North American Development Bank and water utility in Camargo, Tamaulipas, have signed a US$2.53 million grant agreement. It will benefit 8,819 residents.
North American Development Bank and Mercader Financial, S.A., SOFOM, E.R., sign agreement for US$20 million loan increase.
San Antonio, TX – The North American Development Bank (NADB) and the Whetstone Water Improvement District (WWID) have signed a $500,000 Community Assistance Program (CAP) grant to support the construction of a new well and installation of a water main to connect the well to the distribution system.
Grant funds are administered by the North American Development Bank. Senator Cornyn and Congressman Henry Cuellar (TX-28) helped secured federal funding for EPA’s US-Mexico Border Water Infrastructure Program (BWIP).