GBRA study funded; municipalities shown 40-year financing as program cost looms
GBRA told Calhoun County officials it authorized a $3 million reserve release to study the project and is modeling municipal participants on 40-year financing; GBRA cited a consultant estimate of roughly $6 billion for the full program and said it will seek TWDB SWIFT financing where possible.
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GBRA told commissioners the board authorized $3,000,000 from reserves to fund an engineering and program study. Charlie said the study will refine project scope, costs and participant obligations ahead of any construction decision.
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