Frazier: DWR cost-benefit analysis on tunnels is skewed and fails to consider important factors
SACRAMENTO – Assemblymember Jim Frazier, D-Discovery Bay, released the following statement today on DWR’s just released cost-benefit analysis for its newly revised twin Delta tunnels proposal.
“The Department of Water Resources for years failed to complete a cost-benefit analysis for any of the previous versions of the proposed tunnels project, for which it was heavily criticized in a recent report by the State Auditor. Now, barely a week after completely revising the scope of its proposal, DWR suddenly has a cost-benefit analysis. But it’s an analysis for a proposed two-tunnel project that only addresses one tunnel and doesn’t factor in debt service, making it incomplete and pretty much useless. It’s heavily skewed to make conclusions that support what the administration and the proponents want. Simply put, this is a position paper that relies on cherry-picked numbers and contains very little actual economic analysis. It does not answer the question I’ve been asking the whole time: ‘How much is the project is going to cost over the long term after factoring in debt service?’ It also fails to assess potential risk and cost overruns that inevitably occur with large-scale infrastructure projects. These factors need to be addressed.”
Assemblymember Frazier represents the 11th Assembly District, which includes the communities of Antioch, Bethel Island, Birds Landing, Brentwood, Byron, Collinsville, Discovery Bay, Fairfield, Isleton, Knightsen, Locke, Oakley, Pittsburg (partial), Rio Vista, Suisun City, Travis AFB, Vacaville and Walnut Grove.
CONTACT: Andrew Bird (916) 319-2011 Andrew.Bird@asm.ca.gov