Texas Water Development Board approves $165,855,000 to the Guadalupe Blanco River Authority (Guadalupe, Comal, Hays, and Caldwell counties) for a water supply project
For immediate release. Contact: Kimberly Leggett at 512-463-5129
AUSTIN – (July 26, 2018) – The Texas Water Development Board (TWDB) today approved by resolution financial assistance in the amount of $165,855,000 to the Guadalupe-Blanco River Authority (Guadalupe, Comal, Hays, and Caldwell counties). The Authority will finance the planning, design, acquisition, and construction costs associated with a water supply project.
By using the SWIFT program, the Authority could save approximately $2.7 million over the life of the 2018 portion of the loan commitment. Additional savings will occur when the Authority closes on the other portions of the loan.
The project is the first phase of the Authority’s Mid-Basin Water Supply Project. It includes constructing a wellfield, approximately 58 miles of water transmission pipeline, and a 33.5-million-gallon-per-day water treatment plant. The project will allow the Authority to meet the water demands associated with its growing population..
*The SWIFT program includes two funds, the State Water Implementation Fund for Texas (SWIFT) and the State Water Implementation Revenue Fund for Texas (SWIRFT). Revenue bonds for the program are issued through SWIRFT.
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.