Over three hundred people gathered for a beautiful and historic day to celebrate the groundbreaking of North Texas’ first major reservoir in nearly 30 years. The official start of construction marks an important milestone to ensure vital water supplies for our rapidly growing region. NTMWD and our 13 Member Cities have been working together over a decade to plan and permit the 16,641-acre lake to be located northeast of Bonham and northwest of Honey Grove in Fannin County.
“It’s taken a tremendous team effort with support from so many over the years,” said Tom Kula, NTMWD Executive Director. “The District truly appreciates the support of all who have been involved in making this long-awaited project a reality.”
Major construction activities get underway this summer and it's expected to take three summers to complete construction of the dam. Depending on rainfall, it should take nearly two years to fill the lake to an operational level. NTMWD expects to begin delivering water from the lake in 2022.
To date, the Texas Water Development Board has approved $1.2 billion in low interest financing for the projects through the State Water Implementation Fund for Texas (SWIFT) program which is anticipated to save NTMWD and its cities over $200 million in financing costs.