Texas Water Development Board approves $309 million loan for project

The Texas Water Development Board on Monday, Jan. 28, unanimously approved a $309 million loan for the first two phases of the Brushy Creek Regional Utility Authority project. Here’s the TWDB press release on the board action. The Phase 1 commitment is for $170.6 million, with Phase 2 at $139.1 million.

Phase 1 of the project includes construction of a new temporary floating intake structure on Lake Travis, a raw water pipeline within the Trails End Road right of way, a new treatment plant in Cedar Park, and a new treated water pipeline. Construction is expected to begin in 2008 and be completed in 2010. Phase 1 FAQ.

Phase 2 of the project includes construction of permanent deep-water intake and raw water pipeline from the intake to the existing raw water pipeline. Construction is expected to be required no later than 2016, but it may be accelerated depending on drought conditions and lake levels. Phase 2 FAQ.

The TWDB’s commitment for Phase 2 funding is conditioned such that the BCRUA must obtain a reaffirmation of the commitment from the Board prior to closing the loan for Phase 2.  During this reaffirmation, the Board will consider any findings and recommendations regarding the environmental, socioeconomic, and permitting issues, as well as any other issues of concern to the Board.

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