SAN ANTONIO, Texas – Texas elected officials have welcomed a decision by the North American Development Bank to expand the types of environmental infrastructure projects the bank can finance on the U.S.-Mexico border.

The new project types now include: Energy storage, Mobility (including ports of entry), Urban development, Sustainable buildings, Sustainable industrial parks, Green manufacturing, Manufacturing of green products, Sustainable food value chains, Climate change adaptation and climate resilience.

“Investing in modern, efficient infrastructure along our border supports the livelihood of countless Texans,” said U.S. Sen. John Cornyn.“The North American Development Bank has a proven record of improving the quality of life on both sides of the U.S.-Mexico border, and I commend their investments for Texas.”

U.S. Rep. Henry Cuellar of Laredo agreed.

“I worked hard to include NADBank’s capital increase under USMCA, so the Bank can expand its efforts in providing positive outcomes on the U.S.-Mexico border. I am committed to expanding clean energy, promoting a healthy environment, and improving the quality of life on both sides of the border,” Cuellar said. “Today’s decision by NADBank’s Board is welcomed and will benefit communities within my district.”

Cornyn and Cuellar were among those in Congress that worked to get additional funding for NADBank. Their legislation was eventually incorporated into H.R. 5430, the United States-Mexico-Canada Agreement (USMCA) implementation bill, which was signed into law on January 29, 2020. The USMCA legislation authorized U.S. participation in the capital increase.

Speaking about the new types of environmental infrastructure projects NADBank can finance, Calixto Mateos Hanel, the bank’s managing director, said:

“We are pleased to announce that our board of directors have expanded the eligible types of environmental infrastructure projects that the bank can finance in the U.S.-Mexico border region. We are very excited to take on this new challenge, which will allow us to maximize the lending capacity of the bank in pursuit of its mission and effectively invest its capital, which was recently increased by the governments of the United States and Mexico.”

Mateos Hanel said that with the expansion of project eligibility, NADBank “will be able to support infrastructure related to energy storage, mobility, including ports of entry, urban development, sustainable industrial parks, green manufacturing, sustainable food value chains and climate change adaption, among others.”

Mateos Hanel said the bank also wants to assure stakeholders that in allocating its resources NADBank will continue to prioritize projects that provide the greatest environmental benefits for border communities, including in its traditional sectors of water and solid waste.

“I am inviting public and private entities that have projects in these new areas to contact the bank to discuss opportunities for working together on the development of infrastructure that addresses climate change and promotes a greener economy,” Mateos Hanel said.

“Together we can achieve a more competitive and sustainable border region while also improving the quality of life of millions of U.S. and Mexican citizens.”

NADBank Deputy Managing Director John Beckham said that as the border region emerges from the hardship caused by Covid it is poised to recover its dynamism.

“But,” said Beckham, “it should do so more mindful than ever of the environmental and sustainability challenges it faces.”

To support that need, Beckham said, the bank’s board agreed to expand the types of projects it will finance to address climate change, adaptation and mitigation.

“This decision not only reflects the changing the needs of the border region but also NADBank’s commitment to investment in the region’s environment for the betterment of its communities,” Beckham said. “To succeed the bank will need partnerships with local governments, private enterprises, academia and non-government organizations.”

Salvador López Córdova, NADBank’s chief environmental officer, also commented on the bank’s decision to expand the types of environmental infrastructure projects the it can finance.

“As we move forward in the development of the new project types approved by the board today we will make sure that any project considered for funding is fully aligned to the bank’s mandate of financing environmental infrastructure projects that preserve, protect and enhance the environment of the border region while promoting sustainable development and a higher quality of life,” López Córdova said.

María del Carmen Bonilla Rodríguez, head of the public credit unit in Mexico’s Ministry of Finance and Public Credit, co-chairs the NADBank board.

“The expansion of eligible projects for financing will grow NADB’s loan portfolio and promote new project types that are important for the agendas of both the U.S. and Mexico presidents, which will complement water, wastewater and solid waste projects,” Bonilla Rodríguez said.

“This direction will continue to keep NADB at the forefront of developing and financing environmental infrastructure that improves the quality of life for the residents of the U.S.-Mexico border region.”

Mathew Haarsager is deputy assistant secretary in the U.S. Treasury Department and NADBank board co-chair.

“The Board looks forward to continuing to work with NADB to generate environmental benefits for border communities, advance climate change adaptation and mitigation goals and assist the region in a transition to a green economy through expanded project eligibility. As NADB pursues the new project types, we are confident that it will also continue to provide maximum support to priority projects in the water, wastewater, municipal solid waste and other core sectors,” Haarsager said.

“With the strategic expansion of projects, NADB will be able to invest in infrastructure related to energy storage, mobility (including ports of entry), urban development, sustainable buildings and industrial parks, green manufacturing, sustainable food value chains, climate change adaptation and climate resilience, among others.”

Quality journalism takes time, effort and…. Money!

Producing quality journalism is not cheap. The coronavirus has resulted in falling revenues across the newsrooms of the United States. However, The Rio Grande Guardian International News Service is committed to producing quality news reporting on the issues that matter to border residents. The support of our members is vital in ensuring our mission gets fulfilled. 

Can we count on your support? If so, click HERE. Thank you!

Keep on top of the big stories affecting the Texas-Mexico. Join our mailing list to receive regular email alerts.

Sign-up for the latest news

By submitting this form, you are consenting to receive marketing emails from: Rio Grande Guardian. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact