"U.S., Mexico Reach Pact on Colorado River Water Sale"

"Water agencies in Southern California, Arizona and Nevada will buy nearly 100,000 acre-feet of water from Mexico's share of the Colorado River for nearly $10 million."

"SAN DIEGO -- After years of sporadic negotiations, U.S. and Mexican officials Tuesday are set to sign a major agreement aimed at improving binational cooperation over the Colorado River.

Under the five-year deal, regional water agencies in Southern California, Arizona and Nevada will purchase a total of nearly 100,000 acre-feet of water from Mexico's share of the Colorado River -- enough to cover the needs of 200,000 families for a year.

In exchange, Mexico will receive $10 million to repair damage done to its irrigation canals by the magnitude 7.2 earthquake that struck the Mexicali Valley in 2010."

Tony Perry and Richard Marosi reports for the Los Angeles Times November 20, 2012.
 

Source: LA Times, 11/20/2012