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SFPUC authorizes state revolving fund loans and replacement credit facilities to support Westside recycled water and SSIP work
Summary
The commission approved multiple State Revolving Fund loan and grant agreements and replacement bank credit facilities to fund recycled water and sewer system improvement projects, citing favorable terms versus alternatives.
The San Francisco Public Utilities Commission approved a package of financing measures on July 11 to support major capital work including the West Side Recycled Water Project and several Sewer System Improvement Program (SSIP) projects.
CFO Eric Sandler described four SRF (State Revolving Fund) agreements the commission approved, totaling hundreds of millions of dollars in loans and grants. The package includes a highly subsidized loan plus a $15,000,000 grant for the San Francisco West…
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