Tag Archive for: capital improvement projects

Infrastructure Experts Discuss LA’s Preparations for Olympics, World Cup

Construction experts and politicians gathered on May 17 at historic Union Station in Los Angeles to discuss the challenges of delivering major infrastructure projects in Southern California and the Western U.S. Led by United for Infrastructure (UFI), the event coincided with the end of Infrastructure Week 2024 and featured panels covering topics such as transportation and water projects, future energy needs and climate issues.

Rainbow MWD Approves $10M Financing Agreement for Capital Projects

The Rainbow Municipal Water District will be paying for $10 million of capital projects and equipment with a loan.

A 5-0 Rainbow board vote April 23 approved a resolution authorizing an installment purchase agreement with U.S. Bank to finance the infrastructure and equipment. The loan will begin as a line of credit with a variable interest rate before converting to a 4.7% fixed rate for the remainder of the ten-year period.

Water Supply and Delivery Projects are the Pipeline for Economic Opportunity

While health and safety of our water supply remains our top priority, reliable water service is an enabling force for economic growth and improves the quality of life for families. According to a recent study by the American Society of Civil Engineers and the Value of Water, the United States needs to invest $109 billion per year in water infrastructure over the next 20 years to close the water infrastructure gap.