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Texas Water Development Board approves $2,709,070 to the Town of Vinton (El Paso County) for wastewater system improvements

For immediate release. Contact: Media Relations at 512-463-5129

AUSTIN (March 3, 2016)  The Texas Water Development Board (TWDB) today approved by resolution financial assistance in the amount of $2,709,070, consisting of a $825,000 loan and $1,884,070 in loan forgiveness, from the Clean Water State Revolving Fund to the Town of Vinton (El Paso County). With the assistance provided today, the Town will be able to finance the initial phases of a wastewater project for first-time service to the area.

In addition to the savings from the loan forgiveness, the Town could save approximately $218,000 over the life of the loan by using the Clean Water State Revolving Fund.

The Town will use the assistance to finance the planning, acquisition, and design phases of a new centralized wastewater collection system.

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.