By Steve Taylor and Adrian Alfaro, Reporters
MCALLEN, Texas - John Beckham, managing director of the North American Development Bank, stole the show on the first day of the Texas Water Foundation's Binational Rio Grande/Rio Bravo Symposium.
The event was held at the Embassy Suites by Hilton in McAllen.
Beckham made the news by announcing NADBank had opened the first call for projects under its new Water Resiliency Fund. He invited applications from irrigation districts in the Lower Rio Grande Valley of Texas to support urgent water conservation projects across the four-county region.
Beckham
said NADBank is allocating up to $100 million from its retained earnings over the next five years to offer concessional financing for eligible projects. He said an additional $300 million in low-interest loans is being made available through the Bank's regular loan program.
Here is a video recording of the the remarks Beckham made from the podium at the TWF symposium:
In a press release, Beckham said: “The Water Resiliency Fund represents more than a response to a drought - it’s a strategic investment in our shard binational future,” Beckham said. “Through targeted financing for critical water conservation projects in the Rio Grande Valley, we are strengthening irrigation district infrastructure, supporting long-term economic prosperity, and advancing our collective commitment to water management across the border region.”
John Beckham, NADBank's managing director, held a press conference at the Texas Water Foundation's Binational Rio Grande/Rio Bravo Symposium. (Photo: RGG/Steve Taylor)
Here is a video recording of a press conference Beckham held at the TWF symposium:
