Regional water supply plans developed by Florida’s water management districts (WMDs) identify the need to expand water supplies by 353.97 million gallons per day in the next 20 years. It is expected that water conservation can partially offset the water supply expansion needs. The objective of this study is to estimate the expenditure needed to implement water supply and water conservation projects to meet future demand in the state. To achieve this objective, we utilize a dataset of the completed water projects and proposed future water supply and conservation project options assembled by the Florida Department of Environmental Protection. First, the average costs of developing new water supplies and implementing conservation initiatives are estimated. An econometric model relates the average costs to the project size, type, and WMD region. Secondly, the information about future project options is used to identify water supply sources that can be capable of meeting a large share of the water demand increase in various regions. Finally, combining the average cost estimates with project size and type assumptions, we assess the total expenditure that will be needed to meet the future water demand in Florida. The expenditures associated with ensuring that future water supplies are available to meet the increase in water demands are projected to be $852 million over the 2020 through 2040 planning horizon, with a projected state expenditure of $92.6 million over that period.

Update: If you missed the event, sign up here (https://cutt.ly/water-borisova) to watch the recording. Or check out SPP's YouTube channel to watch the video: https://www.youtube.com/watch?v=VL81_SWSfO4

Event Details

See Who Is Interested

0 people are interested in this event

User Activity

No recent activity