The Texas Water Development Board (TWDB) announced Wednesday that the Integrated Pipeline Project, a nearly $2.3 billion project, has been approved to apply for $440 million by the state as part of water plan approved by voters in 2013.
The funds are being allocated by TWDB as part of the State Water Implementation Fund for Texas (SWIFT) Program that was created in 2013 by the state legislature. The SWIFT Program also received 73 percent statewide voter approval and 76 percent Tarrant County voter approval in 2013. The announcement was made as part of TWDB’s approval of the first SWIFT project prioritization list. The IPP is one of 39 projects accepted by TWDB for the SWIFT program.
The IPP will deliver water from East Texas to the Dallas-Fort worth area. Dallas Water Utilities was seeking a $140 million loan and the Tarrant Regional Water District $300 million from the state water board’s newly created revolving line of credit.
The projects are requesting $1.07 billion in financial assistance the first year and will total more than $4 billion in financial assistance over the next decade. Sponsors with projects on the list are now invited to officially apply for financial assistance.
The 120-mile IPP has been controversial in the current Tarrant Regional Water District board race, as a supporter of two of the opponents has been opposing the pipeline because it crosses his family’s land.
For a complete list of the projects:
www.twdb.texas.gov/financial/programs/swift/doc/pre_swift_app.pdf