The United States and Mexico have reached an agreement on sharing the Colorado River's water rights, officials said.
After years of sporadic negotiation, a five-year deal between the countries is about to be signed, in which regional water agencies in Southern California, Arizona and Nevada will purchase nearly 100,000 acre-feet of water from Mexico's share of the Colorado River, enough to cover the requirements of 200,000 families for a year, the Los Angeles Times reported Tuesday.
Mexico will receive $10 million, earmarked to repair damage caused by a 2010 earthquake to Mexicali Valley irrigation canals, a reconstruction effort described by Jorge Zazueta Camacho, president of an irrigation district, as "very slow, and sometimes it stops for months because there's no money."
Officials said they hope the water agreement will lead to longer deals between the two nations dependent on the Colorado River.
"It's a good way to open the door," said Jeff Kightlinger, general manager of the Metropolitan Water District of Southern California.
Most Popular Stories
- Rackspace Ends Talks About Possible Acquisition
- Mercedes Rolls Out S550 Plug-in Hybrid
- Missouri GM Plant Adding 750 jobs
- Family Dollar Spurning Bid From Dollar General
- Kohl's Hiring 67,000 for the Holidays
- Cool Features on Today's New iOS 8
- FedEx Adding 50,000 Holiday Jobs
- Poverty Rate Drops for First Time Since 2006
- Toxic Algae Threatens Florida Fishing, Tourism
- Plus-Size iPhones Live Up to The Hype