NADBank supports stormwater improvements in Cameron County with US$11.3 million in financing

The North American Development Bank (NADBank) and the Cameron County
Drainage District No.6 (CCDD No.6) celebrated the signing of an US$11.3-million loan agreement in
the form of Unlimited Tax Improvements Bonds, Taxable Series 2026, to support the expansion of
stormwater drainage that will reduce flooding risks for nearly 4,000 low- to moderate-income
households in northwestern Cameron County, Texas.

The loan was signed by NADBank Managing Director John Beckham and District Board President Josh
Ruiz. With recent flooding events and hurricane season underway, investments in stormwater
drainage infrastructure are especially important for communities located near the Gulf Coast like
Cameron County.

“NADBank is pleased to partner with Cameron County Drainage District No. 6 to finance critical
stormwater infrastructure that will improve drainage capacity, strengthen system reliability and
reduce flood risk for residents,” said John Beckham, NADBank Managing Director. “This project
reflects our commitment to invest in long-term infrastructure that supports safer, more resilient
communities and enhances quality of life across the region.”

Due to the flat topography and low infiltration of this area, the county remains especially flood prone.
The project will strengthen stormwater management across approximately 8.1 square miles and is
designed to improve both gravity drainage and controlled pumping capacity during extreme weather.

“This ceremonial signing marks a significant milestone for Cameron County Drainage District No. 6
and the communities we have proudly served since the District’s creation in 2021. Through our
partnership with NADBank, we are securing critical funding to advance the International Boundary
and Water Commission (IBWC) North Levee Improvement Projects 1 through 4. These investments
will strengthen regional flood protection infrastructure, enhance public safety, and support the long
term resilience and prosperity of our communities,” said Josh Ruiz, President, Board of Directors,
CCDD No. 6.

“We are grateful to NADBank and our project partners for their shared commitment to improving
quality of life and protecting the residents, businesses, and critical assets within Cameron County
Drainage District No. 6. I would also like to extend a special thank you to the voters of Cameron
County Drainage District No. 6.” continued Mr. Ruiz. “Your trust, support and confidence in the
District have made this achievement possible. This investment reflects our community’s
commitment to reducing flood risk and building a safer, stronger future for generations to come.
Together, we are taking an important step toward a more resilient Cameron County.”

The project will also include upgrades to pump stations and drainage outfalls along the IBWC North
Floodway levee system, improvements to existing drainage channels to increase system capacity
and strategic land acquisition to support future drainage projects outlined in the district’s master
plan.

This financing for these upgrades was approved under the Bank’s recently launched Water
Investment Program, which is designed to accelerate the approval and financing of priority water
projects for public or private sector project sponsors.

Finally, Texas law also supports this type of collaboration by giving water districts more flexible
financing options when working with NADBank. The Texas Water Code specifically allows districts
to receive NADBank financing with fewer regulatory steps and less time-consuming requirements
than traditional financing methods. This streamlined approach helps reduce delays in the
implementation of critical infrastructure projects—like stormwater and flood control
improvements—for the benefit of local communities.

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