Texas Water Development Board approves $48,760,000 to the City of Granbury (Hood County) for wastewater and water system improvements
For immediate release. Contact: Sarah Haney at 512-463-5129
AUSTIN – (November 12, 2018) – The Texas Water Development Board (TWDB) today approved by resolution financial assistance in the amount of $48,760,000, consisting of a $34,950,000 loan from the Clean Water State Revolving Fund (CWSRF) and a $13,810,000 loan from the Drinking Water State Revolving Fund (DWSRF), to the City of Granbury (Hood County). The City will use the assistance to finance wastewater and water system improvements.
The City could save approximately $12,611,000 over the life of the loan by using the CWSRF and DWSRF programs.
The $34,950,000 provided by the CWSRF will allow for the planning, acquisition, design, and construction of wastewater system improvement projects. The City will construct a new 1-million-gallon-per-day wastewater treatment plant, make enhancements to its collection system, and upgrade the existing treatment plant to increase capacity.
With the $13,810,000 from the DWSRF, the City will finance the planning, design, and construction costs associated with improvements to its water treatment plant. The City will increase capacity of its brackish desalination water treatment plant from 2.5 million gallons per day to 5 million gallons per day and construct a new 1-million-gallon storage tank.
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.