EL PASO, Texas (KTSM) — El Paso Water’s budgeted $1.2 billion water and wastewater capital improvement projects are expected to be funded mainly by its customers, according to the utility’s officials.
As of Wednesday, April 15, the utility accounts for a combined $345.6 million in total costs, leaving $854 million needed to cover funding needed for the planned projects serving new communities on the fringes of the city.
During a Capital Improvements Advisory Committee meeting, Gustavo Hurtado, El Paso Water’s Capital Projects Manager, said developers have contributed $24.6 million to costs for new water and wastewater infrastructure in the Northwest, Northeast and Eastside. That is after the utility collected impact fees on 199 total subdivisions since May 12, 2009…