{{titleBar.title}}

{{titleBar.tagline}}

 

 

Ink is dry on El Paso $50M water dealInk is dry on El Paso $50M water dealhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=138152016-07-12T05:00:00Z2016-07-12T19:00:00Z

​​EL PASO - The ink is dry on El Paso Water’s $50-million purchase of the Chambers Lynch Ranch in Dell City, a future water source for El Paso. ​

John Balliew, the president and CEO of El Paso Water, signed the deal for the 26,470-acre ranch Friday along with Lynch family members.

The move marks the start of El Paso’s acquisition of land in the water-rich Dell Valley, a farm and ranch community 90 miles east of El Paso.

The purchase is the latest by El Paso Water in its long-term plan to meet the city’s water growing needs three decades from now by importing water.

That’s why El Paso Water has acquired three other ranches and farms totaling nearly 75,000 acres in four West Texas counties since 1990.

Under those properties are vast stores of sweet water that wouldn’t need desalination, unlike the briny Dell Valley water that the utility will have to blend with other water to make it palatable for drinking.

The city is also buying land for right of way that will allow the utility to link the properties with a pipeline running north to the Dell Valley, then west to El Paso.

The project is expected to cost $600 million in all, most financed with low-interest, long-term loans through the Texas Water Development Board.​

El Paso Inc.
El Paso
Infrastructure & Transportation
http://www.elpasoinc.com/news/local_news/article_418a55f0-477d-11e6-9354-97b81df8dc25.htmlRead more at {Source}

 Search NewsTalk Texas