North Texas Municipal Water District receives $300M financial boost for reservoir project

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(Kelley Crimmins/Community Impact Newspaper)

A North Texas Municipal Water District reservoir project in Fannin Country received a $300 million financial boost Thursday from the Texas Water Development Board.

This brings the total approved by TWDB for the Lower Bois d’Arc Creek Reservoir project to $1.5 billion, NTMWD spokesperson Janet Rummel said in an email to Community Impact Newspaper.

“This low-interest financing will result in over $230 million in savings in borrowing costs,” Rummel said.

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