Texas Water Development Board approves $255,000,000 to the Tarrant Regional Water District (Jack, Wise, Parker, Tarrant, Johnson, Ellis, Navarro, Henderson, Kaufman, Freestone, Denton, Dallas, Collin, and Rockwall counties) for a water supply project

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AUSTIN – (July 27, 2022) – The Texas Water Development Board (TWDB) today approved by resolution financial assistance in the amount of $255,000,000 from the State Water Implementation Fund for Texas (SWIFT)* program to Tarrant Regional Water District (Jack, Wise, Parker, Tarrant, Johnson, Ellis, Navarro, Henderson, Kaufman, Freestone, Denton, Dallas, Collin, and Rockwall counties). The District will use the assistance for the construction of a water supply project.  

The District could save approximately $8,300,000 over the life of the loan by using the SWIFT program.

With the assistance approved today, water from Lake Palestine will be connected to the Integrated Pipeline, a joint project between the District and City of Dallas to meet future water demands. Once this final segment of the Integrated Pipeline is completed, the overall project will provide an additional 350 million gallons of raw water per day to the District’s and the City’s service areas.

 The District has previously received financial assistance commitments from the TWDB for the IPL project, including $101,620,000 in financing from the Water Infrastructure Fund in 2010 and $440,000,000 in financing from the State Water Implementation Revenue Fund for Texas (SWIRFT) in 2015.

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.

*The SWIFT program includes two funds, the State Water Implementation Fund for Texas (SWIFT) and the State Water Implementation Revenue Fund for Texas (SWIRFT). Revenue bonds for the program are issued through SWIRFT.