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The loan was made in the form of a tax note, Series 2019 debt instrument
Maverick County, Texas. - The North American Development Bank (NADB) and Maverick County have signed loan and grant agreements totaling $2.91 million to support a project for the expansion of El Indio Municipal Solid Waste Facility (MSWF) that serves the entire county. The project will benefit all 54,258 residents by providing additional capacity to continue managing the proper disposal of approximately 150 tons of solid waste a day.
NADB provided a $2.85 million loan in the form of a tax note, Series 2019 debt instrument, and a $66,683 grant through its Community Assistance Program (CAP). The grant funding will help make the financial package more affordable for taxpayers. The rest of the funding for this $3.45 million project will be covered by Maverick County.
“This project is vital for the public health and safety of Maverick County residents,” said U.S. Representative Will Hurd. “I am proud of the important work NADBank is doing to improve the lives of South and West Texans I represent and appreciate their assistance with expanding the El Indio Municipal Solid Waste Facility, which serves all the residents of Maverick County.”
The project, which is located approximately 16 miles south of the city of Eagle Pass, Texas and about three miles north of the U.S.-Mexico border, will expand the current operating capacity of the El Indio MSWF Landfill by opening a third cell that is designed to hold up to 312,500 tons of solid waste, which is equivalent to approximately 6.7 years of useful life.
Currently, Cells No. 1 and 2 have an estimated 15.6 months of remaining operational life. By providing additional capacity, the County of Maverick, which operates the landfill, will continue to provide adequate solid waste disposal services to the county residents, minimizing the potential for illegal dumping and the associated environmental and health risks.
“Without this expansion, the landfill would have reached its operational life by early 2020,” stated NADB Managing Director Alex Hinojosa. “We applaud Maverick County for planning ahead of time and making this initiative a high priority project.” |
