News

The North American Development Bank (NADB), along with a syndicate of three other lenders, and global renewable energy developer BayWa r.e. signed a credit agreement for up to $216.1 million to finance the design, construction, and operation of the 200 MW_AC Corazon Solar Project, located on nearly 2,000 acres of private land in Webb County, Texas. NADB is participating with a $62.9 million loan and served as coordinating lead arranger on the transaction.

San Antonio, Texas – U.S. Congressman Tony Gonzales (TX-23) announced a $500,000 grant signing between the North American Development Bank (NADB) and the Lower Valley Water District (LVWD) to support a wastewater project in the Rosa Azul subdivision in Socorro, TX. This new system will provide first-time access to wastewater services that will help prevent exposure to untreated or inadequately treated discharges for more than 900 residents.

Fitch Ratings has affirmed The North American Development Bank's Long-Term Issuer Default Rating (IDR) at 'AA' and Short-Term IDR at 'F1+'. The issue ratings on NADB's senior unsecured bonds are also affirmed at 'AA'. The Outlook on the Long-Term IDR is Stable.

Two new projects for the rehabilitation of the wastewater collection system in Mexicali, B.C. totaling $10.6 million were approved in the last 9 months

NADB, EPA and Mexicali Water Utility focused on
reducing transboundary flows of sewage into New River

North American Development Bank (NADB) and the City of Nogales, Arizona hosted a ribbon-cutting ceremony marking the completion of improvements for the Peña Blanca subdivision wastewater system. The project will help improve the operational efficiency of the wastewater system and eliminate the risk of untreated or inadequately treated wastewater discharges to Potrero Creek.

Along the entire U.S.-Mexico border, the North American Development Bank (NADB) works with border communities to develop and finance infrastructure projects that improve the environment and health conditions. With the onset of COVID-19 and its increasing effects on these communities, the NADB Board of Directors established a temporary program to support communities dealing with the economic, health, and social impacts of the pandemic (“ProRec”). Through this program, two Texas border communities will be able to refinance existing debt while a third in Chihuahua will benefit from a US$1 million grant to improve wastewater collection infrastructure.

The North American Development Bank (NADB) has hired John Beckham, with more than 20 years of experience in executive leadership positions in banking, business and strategic planning, as its new Deputy Managing Director. Mr. Beckham was appointed by the NADB Board of Directors after a national search and competitive selection process.

• As part of its COVID-19 Recovery Program, an umbrella program was approved to expedite the refinancing of existing public debt
• Impact report on the results of 25 years of NADB green investments in the U.S.-Mexico border region published

Since its creation in 1994, the North American Development Bank (NADB) has helped preserve, protect and enhance the environment and public health of the U.S.-Mexico border region, home to more than 25 million residents. Working closely with communities, water utilities, local and federal governments, private sector sponsors, non-governmental organizations and academic institutions, NADB has played a key role in the progress achieved in improving various indicators in the region related to the provision of basic services, environmental quality and public health. In addition, it has become a benchmark for binational coordination on various environmental issues.