Nearly $500 Million Awarded for North Texas Water Reservoir
The Texas Water Development Board (TWDB) today approved more than $499 million in financial assistance from the State Water Implementation Fund for Texas (SWIFT) program to the North Texas Municipal Water District (Collin, Dallas, Denton, Ellis, Fannin, Hunt, Kaufman, Rains, and Rockwall counties). The district will use the assistance to finance the construction of the Lower Bois d’Arc Creek Reservoir.
“The TWDB is proud to be part of this major water supply project that will serve approximately 1.7 million Texans,” said TWDB Board member Kathleen Jackson. “The reservoir is critical to meeting the water needs of several North Texas cities and a large number of rural communities in the region.”
The commitment today is the second portion of an application received from the district during the third funding cycle of the SWIFT program. In July 2017, the TWDB committed $677,120,000 for the first phase of this project.
“The TWDB’s total $1.1 billion commitment to the Lower Bois d’Arc Reservoir demonstrates the SWIFT program’s ability to turn state water plan projects into a reality,” said TWDB Board member Peter Lake. “Conceived at the local level, approved by the regional planning group, and formally adopted in the state water plan, this reservoir has broad support and will be an essential water source for decades to come.”
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