NADBank Approves $11.3M in Financing for Cameron County Stormwater Projects
· Texas Border Business
The North American Development Bank (NADBank) has approved an $11.3 million loan for stormwater drainage projects in Cameron County, Texas. This funding aims to enhance drainage capacity and reduce flooding risks for nearly 4,000 low- to moderate-income households in the area. The loan agreement was signed by NADBank Managing Director John Beckham and Cameron County Drainage District No. 6 President Josh Ruiz. The project will cover approximately 8.1 square miles and includes upgrades to pump stations and drainage channels. This initiative is part of NADBank's Water Investment Program, which streamlines financing for essential water infrastructure projects.
AI summary · Source: Texas Border Business →
