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Water Improvement Bank Grants Agreed on for Mexico Border Cities

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Nov. 29 (Bloomberg) -- Water utilities in two Mexican cities signed grant agreements with the North American Development Bank to help finance $76 million of wastewater and water infrastructure projects.

Sewer and water upgrades in Matamoros and wastewater collection system improvements in downtown Miguel Aleman in Tamaulipas state will benefit from almost $18 million from the Environmental Protection Agency through the Border Environment Infrastructure Fund that’s administered by bank.

The works are being carried out in collaboration with the Mexican National Water Commission, the development bank said in a statement. The San Antonio-based NADB has given $315 million in loans and grants for environmental infrastructure projects to assist 16 communities on the northern border of Tamaulipas.

To contact the reporter on this story: Randall Hackley in London at rhackley@bloomberg.net

To contact the editor responsible for this story: Randall Hackley at rhackley@bloomberg.net

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