The Texas Water Development Board has opened the application period for the next round of SWIFT financing. The application period started yesterday, December 1, 2015, and will remain open through February 5, 2016. The application webpage can be found here.

In the first round of SWIFT financing in 2015, the Board provided funds to just over $1 billion in water projects in Texas, with future commitments for an additional $2.9 billion. The geographic distribution of funds can be seen in the charts below. As is apparent, North Texas was the recipient of the largest share of 2015 funds, while the Houston area was the largest recipient of future commitments and overall funding. The two largest projects were:

• The Integrated Transmission Pipeline Project of the Tarrant Regional Water District, which received $440 million in 2015 financing; and
• The Second Source Project of the City of Houston, Central Harris County Regional Water Authority, North Harris County Regional Water Authority, West Harris County Regional Water Authority and North Fort Bend Regional Water Authority, which collectively received $150 million in 2015 funds and $2.5 billion in future funding commitments.