Texas Water Development Board approves $9,800,000 in financial assistance to the North Alamo Water Supply Corporation (Hidalgo County) for a new wastewater treatment plant and collection system
For immediate release. Contact: Kimberly Leggett at 512-463-5129
AUSTIN – (November 6, 2014) – The Texas Water Development Board (TWDB) today approved by resolution financial assistance in the amount of $9,800,000, consisting of a $9,154,000 grant and a $646,000 loan from the Economically Distressed Areas Program, to the North Alamo Water Supply Corporation (Hidalgo County). The assistance will finance the construction of a new wastewater treatment plant and collection system.
The Corporation could save approximately $15,195,242 over the life of the loan by using the Economically Distressed Areas Program.
The funding approved by the TWDB will allow the Corporation to provide first-time sanitary sewer service to six colonia areas. The Corporation will construct a 0.5 million-gallons-per-day wastewater treatment plant and a gravity collection system. When the project is complete, the Corporation will be able to serve an estimated 471 homes in the six colonia areas north of the City of Donna. The TWDB previously funded the planning, acquisition, and design phases of this project.
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.