Texas Water Development Board approves $5,601,861 to the City of Arlington (Tarrant County) for wastewater system improvements
For immediate release. Contact: Kimberly Leggett at 512-463-5129
AUSTIN – (January 12, 2017) – The Texas Water Development Board (TWDB) today approved by resolution financial assistance in the amount of $5,601,861, consisting of a $4,775,000 loan and $826,861 in loan forgiveness, from the Clean Water State Revolving Fund to the City of Arlington (Tarrant County). The City will use the assistance to finance construction of wastewater system improvements.
The City could save approximately $604,000 over the life of the loan by using the Clean Water State Revolving Fund.
With the assistance approved today, the City will be able to finance the replacement of existing wastewater collection pipelines.
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.