AUSTIN, Texas (AP) — Leaders of a Central Texas water district have approved spending $17 million for a new reservoir in Wharton County.
The vote by the Lower Colorado River Authority board is another step toward the $215 million project, with completion planned by 2017.
Lakes Buchanan and Travis are the region's main reservoirs, providing water for more than 1 million people in Central Texas, plus businesses, industries and farms.
An LCRA statement says the new reservoir is planned off the main channel of the lower Colorado River near Lane City and could increase water supplies by 15 percent annually.
Wednesday's vote funds the project through June, when LCRA leaders will consider options such as grants and loans. The board last year approved $18 million to buy the property and do initial studies.