Pacific Southwest Water Plan - Proposed Draft Letter of Transmittal

Document: Pacific Southwest Water Plan- Proposed Draft Letter of Transmittal- Secretary to the President, December 1963, page 10after it became revenue-producing. At the end of the payout period there would have accrued to the Development Fund $675,000,000 of unassigned revenues. The ratio of estimated benefits to costs is 2.9 to 1.0. The costs of that portion of the Initial Plan proposed for immediate authorization are estimated to be $1,704,000,000 of which $1,574,000,000, or 92 percent, would be fully reimbursable. The costs of each feature would be repaid within 50 years after it became revenue-producing. At the end of the payout period there would have accrued to the Development Fund $900,000,000 of unassigned revenues. The ratio of estimated benefits to costs is 2.3 to 1.0. These brief statistics clearly demonstrate the economic justification and financial soundness of the proposed Initial Plan. As stated elsewhere in this report, the Initial Plan will constitute an impressive step forward in eliminating present water deficiencies and in providing new water supplies to meet growing demands in the Pacific Southwest. It will not provide an overall solution in the region's total future needs. This can only be accomplished through long-range, comprehensive, regional planning. It will, however, accomplish the following: 1. Meet the most immediate and urgent water needs of the Pacific Southwest and provide time in which to work out comprehensive solutions to long-range needs. 10Epson Perfection 4870 Photo, 400 dpi, 8 bit, 2,525,124 byte