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,