TWDB Approves $759.26M in SWIFT Financial Assistance
AUSTIN, TX The Texas Water Development Board (TWDB) has approved $759,255,000 in financial assistance from the State Water Implementation Fund for Texas (SWIFT) program.* The SWIFT financing will be distributed to 15 state water plan projects across the state.
"The continued high demand in this second year of SWIFT demonstrates the program is effectively implementing projects in the state water plan," said TWDB Board Chairman Bech Bruun. "The projects financed today help ensure that Texans will have a secure and reliable water supply for decades to come."
SWIFT was established by the Texas Legislature and voters in 2013 to fund projects in the state water plan. SWIFT was created through the transfer of a one-time, $2-billion appropriation from the state's Rainy Day Fund. The $2 billion will be leveraged with revenue bonds over the next 50 years to finance approximately $27 billion in water supply projects. The first cycle of SWIFT program financing was completed in 2015.
Projects selected today for 2016 SWIFT financial assistance are the following:
$12 million to the City of Waco (McLennan County) for a meter replacement project
$18 million to the City of Bryan (Brazos County) for an aquifer storage and recovery project
$150 million to the El Paso Water Utilities Public Service Board (El Paso County) on behalf of the City of El Paso for land and water rights acquisition for a water supply project
$12,180,000 to the City of Keller (Tarrant County) for water system improvements to reduce water loss
$4,635,000 to the Trophy Club Municipal Utility District No. 1 (Denton and Tarrant counties) for a transmission pipeline
$167,175,000 to the City of Austin (Travis County) for reclaimed water system improvements and an advanced metering infrastructure project
$66.5 million to the Schertz/Seguin Local Government Corporation (Bexar, Comal, and Guadalupe counties) for a new well field and transmission pipeline
$225,675,000 to the North Harris County Regional Water Authority (Harris County) for new pipelines and storage tanks
$15,490,000 to the Central Harris County Regional Water Authority (Harris County) for a water system expansion project and new transmission pipeline
$4.5 million to the City of Beeville (Bee County) for a new well field
$75 million to the Sabine River Authority (Orange and Newton counties) for a new pump station and pipeline
$8.1 million to the United Irrigation District (Hidalgo County) for an off-channel storage facility