Stay informed with this twice-weekly e-newsletter sent right to your inbox.
Published on October 24, 2024
By Traci Peterson, Arlington Water Utilities
A loan of $16,585,000 that was recently approved by the Texas Water Development Board (TWDB) will save Arlington water and sewer ratepayers almost $5 million on the financing of two upcoming projects.
The low-interest loan will come from the Clean Water State Revolving Fund (CWSRF), which is managed by the board. Arlington Water Utilities applied for the loan to finance the construction of two wastewater collection system realignment projects that are necessary to protect the City’s waterways. In both instances, significant erosion around existing sanitary sewer mains has caused them to be in danger of collapsing.
The funded projects are:
Arlington Water Utilities estimates that the lower interest rate offered by the TWDB will result in savings of $4,945,647 over the lifetime of the loan , in comparison to interest rates offered on revenue bond issuances.
Trenchless technology will be used where applicable for both projects to minimize disturbance to the pavement and traffic.
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.