Texas Water Development Board approves $5,500,000 in financial assistance to the City of Laredo (Webb County) for construction of a new elevated storage tank
For immediate release. Contact: Kimberly Leggett at 512-463-5129
AUSTIN – (October 21, 2014) – The Texas Water Development Board (TWDB) today approved by resolution a loan in the amount of $5,500,000 from the Drinking Water State Revolving Fund to the City of Laredo (Webb County). The assistance will allow the City to finance the construction of a new elevated storage tank.
The City of Laredo could save approximately $1,097,212 over the life of the loan by using the Drinking Water State Revolving Fund.
The 3.0 million gallon storage tank will be part of a new water system that includes the recently constructed El Pico Water Treatment Plant. In August 2014, the TWDB approved a $10,000,000 loan to the city for construction of a new wastewater treatment plant. The new water system and wastewater treatment plants will allow the City to keep up with the growing demands associated with a rapidly growing population.
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.