Pure Water Moves Forward, Construction Beginning Soon
San Diego’s goal to provide one-third of its own water by 2035 took a major step recently when the City Council approved a low interest loan that will finance nearly half of the first phase of the Pure Water program. The $614 million loan comes from the EPA’s Water Infrastructure Finance and Innovation Act (WIFIA) and will cover 49 percent of the $1.25 billion project. The WIFIA program was created to accelerate investment in the nation’s water infrastructure by providing long-term, low-cost supplemental loans for regionally and nationally significant projects.
