Texas Water Development Board approves $5,860,000 to the City of Riesel (McLennan County) for water system improvements

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

AUSTIN – (January 19, 2021) – The Texas Water Development Board (TWDB) today approved by resolution financial assistance in the amount of $5,860,000, consisting of a $5,360,000 loan and $500,000 in loan forgiveness from the Drinking Water State Revolving Fund, to the City of Riesel (McLennan County). The City will use the assistance to finance planning, acquisition, design, and construction costs associated with water system improvements.

In addition to the loan forgiveness, the City could save approximately $3,200,000 over the life of the loan by using the Drinking Water State Revolving Fund.

With the assistance approved today, the City will supplement its water supply by drilling a new well and installing a new pump station, ground storage tanks, and other equipment. In addition, the City will develop an asset management plan.

The TWDB is the state agency charged with collecting and disseminating water-related data, assisting with regional water and flood planning, and preparing the state water and flood plans. The TWDB administers cost-effective financial assistance programs for the construction of water supply, wastewater treatment, flood control, and agricultural water conservation projects.