The $2.8 billion Pacheco Pass reservoir project is still looking for investors
Six years after unveiling plans to build a 320-foot high dam and reservoir at Pacheco Pass in southern Santa Clara County, the largest water agency in Silicon Valley still hasn’t found any other water agencies willing to help fund the project.
“Some things should be disclosed,” he said. “I mean, we should know. I’m interested in this international thing. I didn’t know there was an international connection here. Is the federal government involved?”“Yes,” Callender said. “That was the proposal that came from a local developer.” Callender said the unnamed developer called him about five months ago and said the Chinese government could pay some or all of the dam costs.
The effort, called the Belt and Road Initiative, has been a centerpiece of President Xi Jinping’s tenure. With the Pacheco project, the water district, based in San Jose, is hoping to build the largest new Bay Area dam since Los Vaqueros Reservoir in Contra Costa County was built 25 years ago. The project received a major boost in 2018 when former Gov. Jerry Brown’s administration awarded it $485 million from Proposition 1, a $7.5 billion water bond passed by voters in 2014. That was supposed to pay for half.
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