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SFPUC reports WESIP progress, approves contract adjustments and moves to issue up to $600M in bonds
Summary
Staff reported WESIP construction milestones, identified project cost and schedule variances (including an $11.5M increase on the San Antonio backup pipeline), and the commission approved contingency increases, contract amendments and authorization to pursue up to $600 million in water revenue bonds to fund the program.
Commission staff delivered a comprehensive capital program and budget briefing and the commission approved several contract and financing actions. Julie Levante and Ed Herring summarized construction progress across regional and local programs, noting $1.6 billion of projects in construction and several milestones completed ahead of schedule (e.g., Crystal Springs Bypass Tunnel). The local program was forecasted about $31…
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