Infrastructure Sticker Shock: Financing Costs More than Construction

Jay OwenReforming Global Finance, Community Development Solutions

Funding infrastructure through bonds doubles the price or worse. Costs can be cut in half by funding through the state’s own bank. “The numbers are big. There is sticker shock,” said Jason Peltier, deputy manager of the Westlands Water District, describing Governor Jerry Brown’s plan to build two massive water tunnels through …