TWDB Approves $60.6M in Funding for Client City of Port Arthur
The City will use the assistance to finance construction costs associated with wastewater system improvements related to the Main Wastewater Treatment Plant. The funding consists of a $56,310,000 loan and $4,250,000 in loan forgiveness from the Clean Water State Revolving Fund. In addition to the loan forgiveness, the City could save approximately $9.7 million over the life of the loan by using the Clean Water State Revolving Fund.
The City received funding from the TWDB in 2015 for the planning, acquisition, and design of the improvements.
Freese and Nichols Project Manager Murali Erat and Funding Specialist Mark Evans helped the City with application preparation, coordination with agency staff during technical review and helped represent the City at the board meeting.
The TWDB is the state agency charged with collecting and disseminating water-related data, assisting with regional planning, and preparing the state water plan for the development of the state’s water resources. The TWDB administers cost-effective financial assistance programs for the construction of water supply, wastewater treatment, flood control, and agricultural water conservation projects.
For more information regarding other water funding opportunities, contact Mark at email@example.com or your Freese and Nichols project manager.