NADB approves water projects in El Paso region; Air quality agreement signed – El Paso Herald Post
San Antonio – During its first meeting of 2021 held this morning online, the board of directors of the North American Development Bank (NADB) approved three new projects in the water sector representing a total investment of US $ 8.26 million.
The first project is a drinking water distribution system for the Hillcrest Subdivision in El Paso County, Texas, which will receive a US $ 1.6 million grant from the Border Environment Infrastructure Fund (BEIF), which is funded by the US Environmental Protection Agency (EPA). and administered by NADB.
The second project is an extension and improvements to the wastewater collection system for DoÃ±a Ana County, New Mexico, which will receive US $ 2.15 million in the form of a BEIF grant. The latest project is located in Camargo, Chihuahua and will expand the wastewater collection system with a grant of US $ 500,000 through the Bank’s Community Assistance Program (CAP).
During Monday’s meeting, the board discussed the prospect of broadening the strategic direction of NADB to include investments in a wide variety of environmental infrastructure projects that tackle climate change and promote the green economy.
âWe have had an open and engaged dialogue to respond to the changing needs of the border region, expand the NADB loan portfolio and promote new projects that are important for the implementation of the agendas of both the presidents of Mexico and the states. -United, âsaid Jose de Luna de Secretaria de Hacienda y Credito Publico de Mexico (SHCP) and Chairman of the Board.
The SHCP representative also announced that the Mexican government has provided an additional $ 11.5 million in capital for Mexico’s engagement under USMCA.
“The Office wants to maximize the benefits of the NADB for border communities, help reduce greenhouse gas emissions and the impacts of climate change, as well as help the region transition to a green economy by enabling the NADB to invest in a wider range of environmental projects, without reducing the focus on water, wastewater and solid waste projects, âsaid Assistant Under Secretary Mathew Haarsager, US Department of the Treasury and co-chair of the Council.
Acting Assistant Secretary of State Katherine Dueholm highlighted the bank’s COVID-19 recovery program, noting:
âHe has helped a number of border communities improve their financial strength and contribute to the health and well-being of residents. The COVID Recovery Program simplified the approval of additional environmental infrastructure projects and helped refinance three projects located in Maverick County, Presidio and Agua SUD in Texas, resulting in a combined savings of $ 6. $ 5 million over the life of the loans.
During Monday’s conversation, the Council also called on NADB to play a key role in providing a platform to bring together stakeholders to reach consensus on a framework for resolving cross-border flows.
âThis binational framework will help the two governments shape the approach to coordinating and resolving cross-border flows such as those found in the Tijuana River,â said Jane Nishida, acting deputy administrator of the US EPA.
“We are determined to take full advantage of NADB’s lending capacity to address other urgent infrastructure and environmental needs, which are essential to improve lives and livelihoods and to support a sustainable recovery of the COVID-19 crisis in the US-Mexico border region, âsaid Calixto Mateos-Hanel, CEO of NADB.
As part of the public meeting portion of the Council meeting, NADB and the Texas Commission on Environmental Quality (TCEQ) signed a cooperation agreement for the creation of a one-of-a-kind binational fund that aims to improve capacity of air quality monitoring in Paso. Norte air pool. The fund will be managed by the Bank and initially financed by TCEQ.
NADB Quick Notes:
- The new funding will benefit more than 8,500 Mexican-American border residents.
- NADB and TCEQ have signed a cooperation agreement for air quality monitoring in the Paso del Norte region.
- The NADB Board of Directors discussed a strong strategy for the Bank to use its strengthened financial capacity to have a greater impact in the US-Mexico border communities.