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California Water Tunnel Project Aims for $1.6 Billion in EPA Loans

July 19, 2018, 9:06 PM

California water districts hope the EPA cracks open its piggy bank once again to provide $1.6 billion in loans to build two new water tunnels under the Sacramento-San Joaquin Delta.

The Delta Conveyance Finance Authority voted unanimously July 19 to send the Environmental Protection Agency a letter of interest seeking to participate in the Water Infrastructure Finance and Innovation Act program, which provides loans for water infrastructure improvements. The tunnel project is estimated to cost nearly $17 billion.

“At the moment, it’s the best form of financing available to us,” Authority President Randy A. Record,