One Vista Ridge Loan Application Approved; A Second Denied
In 2013 voters approved the State Water Implementation Fund for Texas, commonly referred to as SWIFT. The fund provides highly sought-after low-interest loans for building water projects. Qualifying for a SWIFT loan can save utilities and taxpayers a lot of money. For example, a $140 million SWIFT loan approved for Tarrant County last year is expected to save rate payers there more than $39 million over the cost of a traditional market loan.
The Texas Water Development Board recently considered two SWIFT loan applications for the Vista Ridge pipeline.
This week a $127 million loan request submitted by SAWS was placed on the priority list for approval. SAWS President and CEO Robert Puente says the money would build infrastructure needed to distribute the volume of water expected to flow through the Vista Ridge pipeline… Read more from TPR