San Antonio-based North American Development Bank OKs new infrastructure projects; expands mission scope

The North American Development Bank’s board on Friday approved up to $87.5 million in financing for infrastructure projects along both sides of the U.S-Mexico border.

It also agreed to broaden the range of projects supporting sustainability that it may fund in the future, expanding its investments in combating climate change and in promoting an environmentally friendly economy.

“We are excited to take full advantage of the NADB’s lending capacity to address other urgent infrastructure and environmental needs in the U.S.-Mexico border region,” NADBank Managing Director Calixto Mateos-Hanel said. “We also...