Texas Water Development Board approves $76,000,000 to the City of Fort Worth (Tarrant, Denton, Johnson, Parker, and Wise counties) for an advanced metering system

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AUSTIN – (July 23, 2015) – The Texas Water Development Board (TWDB) today approved by resolution financial assistance in the amount of $76,000,000 from the State Water Implementation Fund for Texas (SWIFT) to the City of Fort Worth (serving portions of Tarrant, Denton, Johnson, Parker, and Wise counties). The assistance will allow the City to finance the planning and construction costs associated with an advanced metering infrastructure system.

The City could save approximately $1,065,000 over the life of the loan by using SWIFT.

The City will implement a full-scale advanced metering infrastructure project with the assistance approved today. The project will include an automated leak detection system and enhance the City's water conservation efforts. The City estimates that the project will save approximately 9,450 acre-feet of water per year.

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.