Texas Water Development Board approves $42,070,000 to the Upper Trinity Regional Water District 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 $42,070,000 multi-year loans from the State Water Implementation Fund for Texas (SWIFT) program* to the Upper Trinity Regional Water District (Collin, Cooke, Dallas, Denton, Grayson, and Wise counties). The assistance will allow the District to finance acquisition, design, and construction costs associated with a water supply project.
By using the SWIFT program, the District could save approximately $1.3 million over the life of the 2018 portion of the loan commitments. Additional savings will occur when the District closes on the other portions of the loan.
The District will construct approximately 3 miles of water transmission pipeline from the Taylor Water Treatment Plant to the Stone Hill Pump Station. The project will allow the District to meet the increasing water demands of its growing customer service area.
*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.