LOS ANGELES — Westlands Water District’s decision to not participate in the California WaterFix project won’t spell the end for the project, Fitch Ratings analysts said in a report Monday.

“The decision reflects the difficulty and complexity of negotiating among the many stakeholders who would pay for California’s biggest water project since the construction of the State Water Project in the 1960s, but it is likely to signal the beginning – not the end – of serious negotiations over the financing of the plan,” Fitch analysts wrote.“The prospects for a final deal have always been and remain quite uncertain.”

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