Projects to receive grants from NADB. NADB Board of Directors meets in Ensenada, Baja California for first time since entry into force of amendments to the Bank’s Charter.
North American Development Bank (NADB) provided US$31.6 million loan for its construction.
Douglas, Arizona – Today, the City of Douglas, Arizona, along with the Environmental Protection Agency (EPA), North American Development Bank (NADB) and their partners, hosted a groundbreaking ceremony for the expansion of the Douglas Wastewater Treatment Plant, which will permit access to first-time wastewater services in an unserved area of town, eliminate exposure to untreated wastewater discharges and reduce water pollution and the risk of waterborne disease.
Funds provided by the U.S. Environmental Protection Agency.
North American Development Bank and Desaladora Kenton S.A. de C.V. sign US$36.6 million loan agreement. Plant will have capacity to produce 5.7 million gallons a day of water in benefit of more than 86,000 residents.
San Antonio, Texas – Fitch Ratings affirmed the ‘AA’ rating of the North American Development Bank (NADB) with a stable outlook. In its analysis, Fitch assessed the Bank’s capitalization and liquidity levels as “excellent.” Other key factors included NADB’s strong risk management, very low equity risk and low counterparty loan concentration.
San Antonio, Texas – During its semi-annual meeting, the Board of Directors of the North American Development Bank (NADB) and the Border Environment Cooperation Commission (BECC) announced that, on November 10th, the amendments to the institutions’ Charter will enter into effect, integrating the BECC and the NADB into a single institution for the development and financing of sustainable environmental infrastructure in the U.S.-Mexico border region.
San Antonio, Texas – The North American Development Bank (NADB) and the water utility, Organismo Operador Municipal de Agua potable, Alcantarillado y Saneamiento (OOMAPAS), have signed a US$5.26 million grant agreement to help finance the expansion of the city’s water distribution and wastewater collection systems in residential subdivisions in the southwestern area of Nogales, Sonora.
Condado de Doña Ana, Nuevo México – Esta mañana, se llevó a cabo una ceremonia para dar inicio a la construcción de una nueva planta de tratamiento de aguas residuales (PTAR) para la ciudad de Sunland Park realizada por el organismo operador regional, Camino Real Rural Utility Authority (CRRUA), seguida de otra ceremonia de corte de listón para inaugurar un proyecto de mejoras al sistema de agua potable en la comunidad de Mesilla. Ambas comunidades se localizan en el condado de Doña Ana, Nuevo México.
Hermosillo, Sonora. – During its semi-annual meeting held in Hermosillo, Sonora, the Board of Directors of the North American Development Bank (NADB) and the Border Environment Cooperation Commission (BECC) announced that the Governments of the United States and Mexico expect to complete the legal formalities that will fully merge the two institutions.