Texas Water Development Board approves $55,000,000 to the Canyon Regional Water Authority (Guadalupe, Bexar, Caldwell, Hays, and Wilson counties) for a water supply project
For immediate release. Contact: Sarah Haney at 512-463-5129
AUSTIN – (July 23, 2015) – The Texas Water Development Board (TWDB) today approved by resolution financial assistance in the amount of $55,000,000 from the State Water Implementation Fund for Texas (SWIFT) to the Canyon Regional Water Authority (Guadalupe, Bexar, Caldwell, Hays, and Wilson counties). The Authority will be able to finance the design and construction phases associated with a water supply project.
The Authority could save approximately $7,596,345 over the life of the loan by using SWIFT.
With the assistance approved today, the Authority will be able to increase its water supply by expanding its groundwater well field and water treatment plant capacity, constructing storage tanks, and installing additional water transmission pipelines. The project will allow the Authority to meet the increasing water demands of the region and when complete, the Authority will have a total production capacity of approximately 13,000 acre-feet per year.
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.