LOS ANGELES, Nov. 7, 2016 /PRNewswire/ -- Milbank, Tweed, Hadley & McCloy LLP has advised the lenders, a group of banks led by Sumitomo Mitsui Banking Corp., in the financing of the roughly $923 million Vista Ridge Regional Water Supply Project, a well field and water pipeline that is expected to provide 20% more water to the City of San Antonio, Texas. The water supply project, being built by Garney Construction, will consist of the production, treatment, delivery and sale to San Antonio Water System (SAWS), the city's public water utility, of up to 50,000 acre-feet of potable water each year for 30 years. Fresh water will be pumped from wells in the Carrizo-Wilcox aquifer to a collection pipeline system in Burleson County, Texas, where the collected water will be treated. From there, the water will be pumped through a new underground pipeline over 140 miles to north Bexar County, Texas, where it will connect to SAWS' municipal water utility system. All costs of construction and right-of-way acquisition are being covered by privately raised debt and equity capital. No public funds are needed from the City to build the project. SAWS will pay only for water that is actually delivered and for certain associated operating and maintenance expenses once the project has been built and is operating. The developer of the project, Vista Ridge LLC, takes the risk of water supplies and permits.