Texas Water Development Board approves $22,400,000 loan to the City of San Antonio, through the San Antonio Water System (Bexar County) to address aging water system infrastructure
For immediate release. Contact: Kimberly Leggett at 512-463-5129
AUSTIN - (March 17, 2014) - The Texas Water Development Board (TWDB) today approved by resolution financial assistance in the amount of $22,400,000 to the City of San Antonio, acting by and through the San Antonio Water System (Bexar County), consisting of a loan from the Drinking Water State Revolving Fund. The assistance will help address aging water system infrastructure.
By using TWDB’s Drinking Water State Revolving fund, the San Antonio Water System will save over $3.56 million in interest over the life of the loan.
The City of San Antonio intends to use the funds for much-needed water main improvements. The project will provide additional water distribution capacity and fire flow capabilities by increasing the size of water mains. Funds will also be used to replace approximately 38,000 water meters.
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.