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The Lawton Water Authority Receives $29,000,000 Water System Funding From OWRB

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July 16, 2024

Press Release

OKLAHOMA CITY –The Lawton Water Authority (Authority) received approval for $29,000,000 in funding Tuesday from the Oklahoma Water Resources Board (OWRB) to improve the Authority’s water infrastructure. Construction of upgrades and improvements will be financed by the Oklahoma Drinking Water State Revolving Fund (DWSRF).

The Authority is completing a multi-phase repair plan. The present stage of the project requires the replacement of approximately 130,000 feet of water line to mitigate breaks and leaks from its aging infrastructure. These failures have increased repair costs. Waterlines, hydrant systems, services lines, and other appurtenances will be replaced along with the main replacement. This project will improve reliability and lower operation costs of Lawton's distribution system.

Joe Freeman, Chief of the OWRB’s Financial Assistance Division, calculated that the Authority’s customers will save an estimated $4,438,300 over the life of the 30-year loan compared to traditional financing. The DWSRF loan will be secured with a lien on the revenues of the Authority’s water, sewer, and sanitation systems.