Texas Water Development Board approves $4,650,000 in loans to the City of Mercedes to finance wastewater system improvements
For immediate release. Contact: Kimberly Leggett at 512-463-5129
AUSTIN - (August 16, 2012) - The Texas Water Development Board (TWDB) today approved by resolution loans in the amount of $4,650,000 to the City of Mercedes (Hidalgo County), consisting of a loan in the amount of $3,255,000 and $1,395,000 in loan forgiveness from the Clean Water State Revolving Fund to finance wastewater system improvements.
The City of Mercedes intends to use the funds to rehabilitate around 50,000 linear feet of wastewater collection lines, four lift stations, and numerous manholes to address rainfall inflow and groundwater infiltration issues.
The TWDB is the state agency charged with collecting and disseminating water-related data, assisting with regional planning and preparing the state water plan for the development of the state’s water resources. The TWDB administers cost-effective financial assistance programs for the construction of water supply, wastewater treatment, flood control, and agricultural water conservation projects.