The funds will finance construction of a new wastewater treatment plant and the installation of 4,000 residential connections, among other works.
Mexico's president-elect Andrés Manuel López Obrador targeted private sector concerns in his first message to the country after his landslide victory on Sunday. The peso Monday reflects relative calm, and the bank sector said it is preparing an initiative for the new administration.
This uncertainty could weigh on investment until greater clarity emerges on the administration's policy orientation
AMLO will audit infrastructure, energy contracts on corruption grounds.
Mr. Lopez Obrador is known for his leftist and populist views, although much uncertainty remains as to what policy direction he will pursue when he takes office.
Andrés Manuel López Obrador's top two rivals in the race conceded Sunday evening as early exit polls suggest a massive win for the old-school leftist and his Morena movement, which will also have a majority in congress.
Private sector lending in Mexico was up almost 8% in the 12 months through May, while April figures show deposit growth at Nicaraguan banks slowing as a result of the country's political crisis.
First announced in October, Banorte said Thursday that Mexican competition watchdog Cofece had approved the merger to be completed by July 31.
The poll also shows that many people plan on spoiling their ballot papers on October 7 in protests of the traditional political class.