NADB-BECC Board of Directors celebrates 20th Anniversary at Mexico City meeting
NADB's portfolio of outstanding loans surpasses US$ 1 billion. 15 million residents of border communities benefit from 192 projects. Meetings presided by U.S. Treasury Assistant Secretary for International Markets and Development, Marisa Lago, and Mexican Ministry of Finance and Public Credit Undersecretary, Dr. Fernando Aportela. More than US$11 million in grant funds approved for new wastewater projects
New water interconnection line starts operations in San Luis, Arizona
San Luis, AZ – Gerardo Sanchez, Mayor of the City of San Luis, and Alex Hinojosa, Deputy Managing Director of the North American Development Bank (NADB), presided over a ceremony to initiate operation of a new water transmission main that interconnects the city’s two water distribution systems. This interconnection will meet the city’s water demand for the next 10 years.
Bidding process initiated for U.S.-Mexico international crossing and bridge project study
San Antonio, Texas – The North American Development Bank (NADB) has launched a competitive bid process to engage a consulting firm to perform a study of existing port of entry projects between Mexico and the United States, as well as those currently in the process of being implemented and those proposed for the future. The study will also include evaluating current financing mechanisms for these projects and identifying new financing options.
San Antonio Clean Technology Forum - Mexico's Historic Energy Reform
San Antonio, Texas – The North American Development Bank (NADB) is pleased to support the San Antonio Clean Technology Forum and its upcoming event “Mexico’s Historic Energy Reform: An Opportunity for Texas.” The luncheon will focus on Mexico’s energy reform and the potential it presents for Texas businesses. It will also cover topics such as the implications for the the energy business in Mexico, obstacles and opportunities for U.S. companies, and how the Eagle Ford Shale development can benefit Mexico
Two new wind farms in Nuevo Leon, Mexico, to be funded by the North American Development Bank
General Bravo, Nuevo Leon – The North American Development Bank (NADB) announces that it has begun disbursement of two loans totaling US$140 million for the construction of two wind farms, Ventika and Ventika II, with a total nominal capacity of 252 MW, sponsored by Cemex, S.A. de C.V. through its subsidiary TEG Energía, S.A. de C.V., and by Fisterra Energy, S.L.U. a private equity fund owned by the Blackstone Group. The energy produced will supply facilities belonging to FEMSA, DEACERO, Tecnológico de Monterrey and CEMEX.
Work completed on water system improvements in Anthony, New Mexico
Anthony, New Mexico – This afternoon a ribbon-cutting ceremony was held to mark completion of the water system improvements that will provide a reliable and sustainable water supply for residents in Anthony, New Mexico.
Davis-Monthan Air Force Base celebrates completion of a 16-MW solar plant
NADB is providing a loan for up to US$35 million for its construction
Tucson, AZ. – Davis-Monthan Air Force Base (DMAFB), SunEdison LLC, Tucson Electric Power Company (TEP) and the North American Development Bank (NADB) celebrated a ribbon-cutting ceremony this morning for the completion of the 16-megawatt (DC) solar park located at the base, southeast of the city of Tucson, Arizona