The Massachusetts Water Resources Authority will issue $150 million of senior revenue bonds this week to help finance water and sewer projects in the Boston area.

Officials will use $100 million of the bond proceeds to help support the authority’s ongoing combined sewer-overflow program, electrical equipment upgrades at its Deer Island Wastewater Treatment plant, and other drinking water and sewer infrastructure improvements to the system. Another $50 million will help roll over commercial paper that is set to expire.

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