Texas city to improve water distribution with $2M funding package
The Texas Water Development Board has approved financial assistance from the Drinking Water State Revolving Fund in the amount of $2,025,000 for the City of Honey Grove in Fannin County, Texas.
AUSTIN, TEXAS, May 20, 2015 -- The Texas Water Development Board (TWDB) has officially approved financial assistance from the Drinking Water State Revolving Fund (DWSRF) in the amount of $2,025,000 for the City of Honey Grove in Fannin County, Texas.
With the approved assistance, the City will be able to finance the construction of rural water distribution lines. Further, it could save approximately $264,634 over the life of the loan by using the DWSRF.
Honey Grove plans to rehabilitate and replace approximately 30,000 linear feet of piping. When complete, the project will help to reduce water loss throughout the system.
About the Texas Water Development Board
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. It administers cost-effective financial assistance programs for the construction of water supply, wastewater treatment, flood control, and agricultural water conservation projects. For more information, visit www.twdb.texas.gov.