Texas Water Development Board approves $16,991,157 to the City of Fort Worth (Denton, Johnson, Parker, Tarrant, and Wise Counties) for wastewater system improvements

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

AUSTIN – (January 12, 2017) – The Texas Water Development Board (TWDB) today approved by resolution financial assistance in the amount of $16,991,157, consisting of a $16,045,000 loan and $946,157 in loan forgiveness, from the Clean Water State Revolving Fund to the City of Fort Worth (Denton, Johnson, Parker, Tarrant, and Wise Counties). The City will use the assistance to finance construction of wastewater system improvements.

By using the Clean Water State Revolving Fund, the City could save approximately $3.5 million over the life of the loan portion of the commitment.

With the assistance approved today, the City will be able to finance the rehabilitation or replacement of wastewater collection pipelines.

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.