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, aimed at reducing flooding risks for nearly 4,000 low- to moderate-income households. The loan agreement was signed by NADBank Managing Director John Beckham and Cameron County Drainage District No. 6 President Josh Ruiz. This funding will enhance drainage capacity and improve flood management across 8.1 square miles. The project includes upgrades to pump stations and drainage channels, and it is part of NADBank's Water Investment Program, which facilitates financing for critical water projects in the region.
AI summary · Source: Texas Border Business →
