Texas Water Development Board approves $20,635,000 to the City of Lubbock (Lubbock County) for an advanced metering project
For immediate release. Contact: Sarah Haney at 512-463-5129
AUSTIN – (January 22, 2019) – The Texas Water Development Board (TWDB) today approved by resolution financial assistance in the amount of $20,635,000, consisting of a $19,635,000 loan and $1,000,000 in loan forgiveness, from the Clean Water State Revolving Fund to the City of Lubbock (Lubbock County). The City will use the assistance for the construction of an advanced metering infrastructure project.
In addition to the loan forgiveness, the City could save approximately $3.6 million by using the Clean Water State Revolving Fund.
The City will install approximately 86,000 water meters with the assistance approved today. When complete, the project will help the City achieve and maintain the per capita water use goals established in its water conservation plan.
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.