McALLEN, Texas (Border Report) -- The North American Development Bank (NADBank) on Friday announced a $400 million Water Resiliency Fund designed to boost water conservation and alternative sources of water for the U.S./Mexico border region.

The funds are available for farmers, ranchers, municipalities and water districts on both sides of the border. And it comes after NADBank last year told Border Report that the binational bank planned to invest in more border conservation and diversification projects.

"Today's check is pretty big from NAD bank. It's a pretty big investment," U.S. Rep. Tony Gonzales, R-Texas, said.

“In parts of South Texas, water is life. And to have an organization like NADBank go out there and make a significant investment that not only helps the United States, but

See Full Page