cost of twin tunnels

Article of Interest: Delta tunnels plan’s true price tag: As much as $67 billion

Article of Interest for December 26, 2013 San Jose Mercury News Delta tunnels plan’s true price tag: As much as $67 billion By Paul Rodgers For more than a year, Gov. Jerry Brown’s administration has been describing his plan to build two massive water tunnels through the Delta as a $25 billion project. That would rank it as one of the largest public works plans in California history. But when factoring in long-term financing costs, the price tag actually ranges from $51 billion to $67 billion, according to new figures that emerged last month. While there’s nothing unusual about long-term debt to finance big projects, the new numbers suggest for the first time that the interest payments for the controversial [...]