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.”
