Corpus Christi Secures $757M Loan and $232M Revenue Bond Sale for Desalination Project

Deal Summary

Corpus Christi secured a $757 million loan from the Texas Water Development Board, with $232 million of revenue bonds already sold, to fund the Inner Harbor seawater desalination project. The financing comes amid a severe water crisis and a postponed $78.6 million design‑build contract. The debt financing aims to address the city’s long‑term water supply needs.