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Texas Water Development Board approves $40,000,000 to the City of New Braunfels (Comal and Guadalupe counties) for water system improvements

For immediate release. Contact: Lauren Munguia at 512-463-2322

AUSTIN – (March 10, 2021) – The Texas Water Development Board (TWDB) today approved by resolution financial assistance in the amount of a $40,000,000 loan from the Drinking Water State Revolving Fund to the City of New Braunfels (Comal and Guadalupe counties). The City will use the assistance to finance planning, design, and construction costs of a water system expansion project.

The City could save approximately $5,384,000 over the life of the loan by using the Drinking Water State Revolving Fund.

With the assistance approved today, the City will expand its existing 8-million-gallon-per-day water treatment plant to 16 million gallons per day.

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.