FAQ: Program Costs
HOW MUCH WILL THE PROJECT COST?
The cost for the Willamette Water Supply Program is currently estimated at $1.6 billion.
HOW WILL THE PROJECT BE PAID FOR?
A combination of methods fund the project, including cash
reserves, current business and residential customer rate
increases and system development charges paid for by new
development. TVWD and Hillsboro are utilizing EPA’s Water
Infrastructure Finance and Innovation Act loans that will
finance up to $638 million which will be repaid by customers
over many years—so future water customers share the cost.
Project construction and operation are expected to create over
4,000 jobs.
ARE CUSTOMERS INFORMED ABOUT RATE INCREASES?
TVWD’s elected Board of Commissioners and the Hillsboro Utilities Commission vote to set rates. Customers are notified in advance of proposed rate increases, to provide an opportunity for public comment. Learn more: Hillsboro / TVWD
HOW WILL PROJECT COSTS BE MANAGED?
Cost management includes an effective strategy, disciplined execution, and steadfast partnerships to enable and ensure the highest possible level of quality, reliability and productivity at the lowest overall cost. The main sponsors, TVWD and Hillsboro, also have a track record of responsible stewardship of customers’ dollars.
ARE THERE OPPORTUNITIES TO PARTNER WITH OTHER WATER SUPPLIERS?
TVWD and Hillsboro save money through effective planning with other water supply partners.
As of July 1, 2019, the City of Beaverton officially became part owner of the Willamette Water Supply System (WWSS), receiving up to five million gallons per day when it is operational in 2026.
WWSP staff and leadership have long worked with Beaverton staff to coordinate the dozens of elements of designing and building the WWSS. The City of Beaverton’s involvement in the WWSP has been instrumental in successfully identifying pipeline corridors, coordinating communications, and planning the overall system.
