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Water utility gets loan for infrastructure upgrades
Monday, October 7, 2019 by Tai Moses
The Texas Water Development Board has awarded Austin Water more than $120 million in low-interest financing in order to make water and wastewater infrastructure system improvements. Approximately $53 million in financing from TWDB’s Clean Water State Revolving Fund will go toward upgrades of the Walnut Creek and South Austin Regional Wastewater Treatment facilities. About $67 million from the Drinking Water State Revolving Fund will finance the construction of system improvements to the North Austin Reservoir and Ullrich Pump Station. David Anders, assistant director of financial services for Austin Water, said in a press release, “By tapping into these cost-effective financial assistance programs, we are able to save millions in interest while making much needed upgrades and improvements.”
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