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Council authorizes up to $50M low-cost SRF loan for Otay second pipeline phase 3
San Diego City Council · May 13, 2025
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Summary
The council authorized the mayor to accept a Drinking Water State Revolving Fund loan of up to $50 million for the Otay second pipeline steel replacement (Phase 3) in Bonita, with a 1.9% interest rate, 30‑year repayment and construction targeted to begin in FY26.
San Diego City Council authorized the mayor on May 13 to accept a Drinking Water State Revolving Fund (SRF) loan of up to $50 million to finance the Otay second pipeline steel replacement Project (Phase 3), which runs through Bonita and will install a new 48-inch transmission main.
Finance…
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