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Texas to Sell $8 Billion in Bonds for Water Projects

As the drought eases in Texas, the Texas Water Development Board is hoping to fund water projects like reservoirs, pipelines and desalination plants through selling $8 billion in bonds in the next decade.

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Workers cut open bags of WaterSavr, an evaporation suppressant, to apply the powder to Lake Arrowhead. WaterSavr's manufacturers claim it will save 30 percent of water that would have otherwise evaporated from the reservoir.
Credit: Neena Satija

As the drought eases in Texas, the Texas Water Development Board is hoping to fund water projects like reservoirs, pipelines and desalination plants through selling $8 billion in bonds in the next decade. The agency, which was gotten 25 applications so far, will soon decide which projects will be the first ones to get funding. (Bloomberg)

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