The group contracted to design and build a new water treatment plant for the City of Wichita releases its final cost estimate for the project, coming in at a shade below $500 million.

Wichita Water Partners estimates its final, fixed-price budget at $494.2 million for the new facility planned for construction in northwest Wichita.

“The proposed project will replace Wichita’s 80-year-old water treatment facility. The not-to-exceed cost estimate was developed based on extensive input from city staff resulting in important refinements that will benefit both the project and the rate payers of Wichita,” Wichita Water Partners explains. “If approved, those chases will eliminate the city’s exposure to future construction cost inflation and save the city millions of dollars in capital construction costs.”

(Read more: KWCH News)