NADBank, Baja California Formalize Water Supply Agreement
The North American Development Bank (NADBank) will support the state of Baja California with a financing operation that will serve as a vital solution for an adequate water supply in the state.
NADBank and the Baja California state government announced a formal agreement to supply water and sanitation for housing in the state, which was deemed vital for Mexico and the US to ensure a clean water supply in the region. The project will focus on “reversing the historic backlog” in water infrastructure, while addressing wastewater issues.
Marina del Pilar, Governor, Baja California, executed the first sustainable financing operation for MX$3 billion (US$160 million). Del Pilar explained that one of the objectives of the project is to ensure that Mexico achieves its commitments and goals linked to the United Nations (UN) Climate Change Conference and the UN 2023 Agenda for Sustainable Development Goals.
A collaboration agreement with the US was vital for NADBank's involvement, as well as to achieve the objective of water management in the Tijuana River basin and the California and Baja California coastlines.
“The signing of this agreement is an example of what we can achieve by working together. Reaching this point was the result of many long working group sessions involving more than 100 Mexican and US professionals to define a joint strategy. With this solid teamwork, we are taking a crucial step that will positively impact the quality of life of future generations on both sides of the border,” said Governor Avila Olmeda via a press release.
The first phase of the project will focus on an expansion of the International Wastewater Treatment Plant to double its current capacity. The modernization will allow to treat wastewater flows from Mexico to the US. The La Morita and Arturo Herrera will improve its wastewater treatment infrastructure and the reuse of effluent from the La Morita and Arturo Herrera treatment plants.