NADB invests in new types of projects to combat climate change and promote a green economy

0


North American Development Bank (NADB) statement

[machine translation]

  • The NADB Board of Directors approved the extension of the eligibility of projects for which the bank can provide funding
  • Funding of $ 87.5 million has been approved to support four new environmental projects

San Antonio, TX – At its second virtual meeting in 2021, the North American Development Bank (NADB) Board of Directors agreed to complement the bank’s current loan portfolio with investments in a wider variety of infrastructure projects that will help combat climate change and promote a green economy.

“The expansion of eligible funding projects will expand NADB’s loan portfolio and encourage new types of projects relevant to the agendas of the Presidents of Mexico and the United States that complement the water, sewerage and waste projects. “Confirmed María del Carmen Bonilla Rodríguez, Representative of the Ministry of Finance and Public Credit (SHCP) and President of the Board of Directors. “This alignment will continue to keep NADB at the forefront of developing and funding environmental infrastructures that improve the quality of life for those living in the border region between Mexico and the United States.”

“The council continues to work with the NADB to achieve environmental benefits for border communities, to advance adaptation and mitigation targets for the effects of climate change and to support the region in the transition to a green economy through expanded eligibility. of projects. As NADB is looking for new types of projects, we are confident that it will continue to provide significant support to priority projects in the areas of water, sanitation, municipal waste and other traditional sectors, ”said Mathew Haarsager, the department’s deputy assistant secretary. of the US Treasury Department and Co-Chair of the Council.

With the strategic focus on expanding projects, NADB can invest in infrastructure projects in the areas of energy storage, mobility (including border crossings), urban development, sustainable industrial buildings and parks, green manufacturing and sustainable food value chains. , Climate Change Adaptation and Climate Resilience, among others.

“We are excited to leverage NADB’s creditworthiness to meet other urgent infrastructure and environmental needs in the US-Mexico border region,” said Calixto Mateos Hanel, NADB general manager, adding, “We want to reiterate that the resource allocation NADB continues to prioritize projects that will bring the greatest environmental benefit to communities. “

The council also approved funding of up to $ 87.5 million in support of four new projects, which represent a total investment of $ 151.7 million and will benefit approximately 3.4 million border residents. New projects include a portfolio of energy storage systems in San Diego, California; private medical facilities in San Luis Río Colorado, Sonora that incorporate sustainable construction techniques to reduce water and energy use; Improvement of an international emitter by laying culverts and installing erosion control in Nogales, Arizona; and improvements to the sewage treatment plant in Patagonia, Arizona.

EnerSmart Storage Operating LLC receives a loan of up to 70 million US dollars from NADB to plan, build and operate a portfolio of 44 energy storage systems with a combined capacity of 132 megawatts of alternating current (MW AC ) in San Diego, California. The project is intended to store and deliver up to 87,650 megawatt hours (MWh) of electricity per year. This avoids the emission of around 31,100 tons of carbon dioxide per year, improves the reliability of the power grid and its efficiency and makes maximum use of the energy generated from renewable sources.

Novem Uno Corporativo SA de CV Receives a Loan of up to $ 14.2 Million through the NADB Recovery Program for the Impacts of COVID-19 (ProRec) to Fund the OSME Medical Complex Project in San Luis Río Colorado, Sonora, consisting of the planning, construction and operation of a hospital and a medical center with a focus on the care of seasonal agricultural workers. The project includes sustainable building techniques and high thermal efficiency building materials that will allow the new facilities to use 43% less water than traditional medical facilities and 18% less electricity.

In addition, through the Border Environmental Infrastructure Fund (BEIF), which is funded by the U.S. Environmental Protection Agency and administered by the NADB, NADB will provide $ 2.8 million in non-refundable resources to improve the international issuer support in connection with the laying of culverts and the installation of erosion control in Nogales, Arizona. By reducing the risk of failure in the emitter pipeline, the possible discharge of around 665 liters per second (lps) of wastewater into the Nogales brook is avoided.

Finally, the City of Patagonia, Arizona, through the NADB Community Support Program (PAC), is receiving $ 500,000 in non-refundable funding to fund improvements to the Sewage Treatment Plant (WWTP) that is capable of handling current and future sewage streams . The project will eliminate the risk of wastewater inconsistencies and plant failures by replacing some of its components that are in poor condition and have structural problems that compromise the treatment process, thus avoiding possible discharges of up to 1.97 lps of water. Remnants of the Sonoyta Stream, a tributary of Lake Patagonia.

The Board of Directors met virtually to discuss the bank’s latest operational and strategic goals and the approval of new projects. The council’s public meeting also took place in the same virtual format, with more than 100 people registered to go online.

###


Share.

Comments are closed.