Pure Water Oceanside Gets $69 Million Loan
Oceanside has been awarded a $69 million loan to help finance the innovative Pure Water project that broke ground with a ceremony at the San Luis Rey Valley site in February.
The Water Infrastructure Finance and Innovation loan from the federal Environmental Protection Agency will cover nearly half of the project’s $158 million costs, city officials said. The 1.2 percent interest rate is expected to save an estimated $24 million over typical market financing costs.