Texas Water Development Board approves a $8,223,296 loan to the City of Eagle Pass (Maverick County) to finance water system improvements
For immediate release. Contact: Kimberly Leggett at 512-463-5129
AUSTIN - (February 28, 2013) - The Texas Water Development Board (TWDB) today approved by resolution a loan in the amount of $8,223,296 to the City of Eagle Pass (Maverick County) consisting of a loan in the amount of $5,795,000 and $2,428,296 in loan forgiveness from the Drinking Water State Revolving Fund to finance water system improvements.
The City of Eagle Pass intends to use the funds to continue with the planned, phased improvements to its regional water system to address water loss issues, deteriorated system components, and undersized distribution system mains.
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.