TWDB Approves $499.9M to the North Texas Municipal Water District for the Construction of the Lower Bois d'Arc Creek Reservoir
AUSTIN, TX The Texas Water Development Board (TWDB) approves by resolution financial assistance in the amount of $499,860,000 from the State Water Implementation Fund for Texas (SWIFT) program* to the North Texas Municipal Water District (Collin, Dallas, Denton, Ellis, Fannin, Hunt, Kaufman, Rains, and Rockwall counties). The District will use the assistance to finance the construction of the Lower Bois d'Arc Creek Reservoir.
"The TWDB is proud to be part of this major water supply project that will serve approximately 1.7 million Texans," said TWDB Board member Kathleen Jackson. "The reservoir is critical to meeting the water needs of several North Texas cities and a large number of rural communities in the region."
The commitment today is the second portion of an application received from the District during the third funding cycle of the SWIFT program. In July 2017, the TWDB committed $677,120,000 for the first phase of this project.
"The TWDB's total $1.1 billion commitment to the Lower Bois d'Arc Reservoir demonstrates the SWIFT program's ability to turn state water plan projects into a reality," said TWDB Board member Peter Lake. "Conceived at the local level, approved by the regional planning group, and formally adopted in the state water plan, this reservoir has broad support and will be an essential water source for decades to come."
By using the SWIFT program, the District could save approximately $151 million throughout the life of the more than $1 billion in financial assistance.
The District will also construct a new 70-million-gallon-per-day water treatment plant with the assistance approved. The plant will serve users in Collin, Dallas, Denton, Ellis, Fannin, Hunt, Kaufman, Rains, and Rockwall counties.