SAN ANTONIO – To promote its programs and services for financing environmental infrastructure and renewable energy projects, the North American Development Bank (NADB) has organized a half-day seminar titled, "Environmental Challenges, Infrastructure Needs and Financing Solutions," to be held in McAllen and Harlingen on Nov. 2 and 3, respectively.
The purpose of these sessions is to inform local and state officials in the U.S. border region, as well as consultants and private companies, of the competitive terms and conditions NADB offers under its financing programs for the development and implementation of infrastructure projects that provide a cleaner and healthier environment for border residents.
"Although NADB is well-known in the border region of both countries as a promoter of environmental infrastructure to improve health conditions and quality of life, many communities still have the idea that we only finance water and wastewater projects," stated Alex Hinojosa, NADB Deputy Managing Director. "We want to change this perception and take advantage of the opportunity to attract new clients in the renewable energy sector, as well as other areas in which the Bank has been diversifying its loan portfolio."
In the United States, NADB can support both public and private projects located within 100 kilometers (about 62 miles) of the U.S.-Mexico border, an area that covers 37 counties in the aforementioned states and is home to more than 8.7 million residents.
The U.S.-Mexico border region extends approximately 2,000 miles from the Gulf of Mexico to the Pacific Ocean and includes areas with ideal conditions for generating solar and wind energy.
To date, NADB is providing approximately US$1.33 billion in loans and grants to help finance 152 infrastructure projects throughout the U.S.-Mexico border region. The projects represent a total invest of about US$3.28 billion.
For more information about the locations and schedules for these meetings, visit the Bank's webpage at: www.nadb.org.