Texas Water Development Board approves $747,500,000 to the Brazosport Water Supply Corporation (Brazoria County) for a reservoir expansion project
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AUSTIN – (July 23, 2024) – The Texas Water Development Board (TWDB) today approved by resolution financial assistance in the amount of $747,500,000 in financing from the State Water Implementation Fund for Texas (SWIFT)* program to Brazosport Water Supply Corporation (Brazoria County). The Corporation will use the assistance for the planning, acquisition, design, and construction of a reservoir expansion project.
The Corporation could save approximately $90,000,000 over the life of the loan by using the SWIFT program.
With the assistance approved today, the Corporation will complete planning, acquisition, design, and construction work for the Harris Expansion Project, which will provide additional water storage capacity through an off-channel reservoir and associated infrastructure. The project, located immediately north of the existing Harris Reservoir site in Brazoria County, will nearly triple the total storage capacity.
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 mitigation, 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.