Texas Water Development Board approves $440,000,000 to the Tarrant Regional Water District (Jack, Wise, Parker, Tarrant, Johnson, Ellis, Navarro, Henderson, Kaufman, Freestone, Denton, Dallas, Collin, and Rockwall counties) for a water supply project
For immediate release. Contact: Kimberly Leggett at 512-463-5129
AUSTIN – (July 23, 2015) – The Texas Water Development Board (TWDB) today approved by resolution financial assistance in the amount of $440,000,000 from the State Water Implementation Fund for Texas (SWIFT) to the Tarrant Regional Water District [TRWD] (Jack, Wise, Parker, Tarrant, Johnson, Ellis, Navarro, Henderson, Kaufman, Freestone, Denton, Dallas, Collin, and Rockwall counties). TRWD will be able to finance the acquisition, design, and construction of a water supply project.
TRWD could save approximately $58,785,371 over the life of the loan by using SWIFT.
TRWD and Dallas Water Utilities (DWU) have been working for several years on an integrated water project known as the Integrated Pipeline Project (IPL). The IPL will allow the two water providers to meet the growing water demands through a joint regional approach. The assistance approved today will allow TRWD and DWU to complete segments of the IPL. When the IPL is complete, it will provide an additional 350 million gallons per day to the two providers.
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.