September 2017 Vol. 72 No. 9


TWDB Approves $1+ Billion For Improvement Projects

The Texas Water Development Board (TWDB) approved more than $1 billion in financial assistance from the State Water Implementation Fund for Texas (SWIFT) program to be distributed to 10 project sponsors across the state.

The projects, all recommended in the 2017 State Water Plan, include water line replacements, well fields, seawater desalination, capacity expansions and reservoir planning. More than $13 million was approved for conservation and rural projects.

The TWDB anticipates closing loans for projects approved for SWIFT financing in fall 2017.

SWIFT was established by the Texas Legislature and voters in 2013 to fund projects in the state water plan. SWIFT was created through the transfer of a one-time, $2 billion appropriation from the state’s Rainy Day Fund. The $2 billion will be leveraged with revenue bonds over the next 50 years to finance approximately $27 billion in water supply projects.

TWDB, which collects and disseminates water-related data, assists with regional planning, and prepares the state water plan for the development of its water resources also approved more than $10 million from  the state’s revolving funds.

$2,815,000 from the Drinking Water State Revolving Fund to the Central Washington County Water Supply Corporation for water system improvements, including planning, acquisition, design and construction of a new water supply well and its connection to two existing water treatment locations.

$7,599,660 ($6,765,000 loan and $834,660 in loan forgiveness) from the Clean Water State Revolving Fund to the City of Eastland (Eastland County) for planning, design and construction costs associated with wastewater system improvements. Plans also include improving treatment so that reclaimed water can continue to replace potable water for irrigation.

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