Press Release

Lawton Water Authority receives $50,000,000 loan for water funding from OWRB

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June 20, 2023

Press Release

OKLAHOMA CITY – Lawton Water Authority (Authority) received approval for a $50,000,000 Financial Assistance Program (FAP) loan Tuesday from the Oklahoma Water Resources Board (OWRB) to improve their water infrastructure.

The Authority is implementing a drought resiliency plan to provide an alternative source of water. This project is for drilling test wells, at least four (4) groundwater wells, construction of a conveyance system, and water treatment plant upgrades. 

According to Joe Freeman, chief of the OWRB’s Financial Assistance Division, the Authority’s customers will save an estimated $3,557,400 over the life of the 20-year loan compared to traditional financing. The loan shall be secured with a lien on the revenues of the Authority’s water, sewer, and sanitationsystems.