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<br />LETTER OF TRANSMITTAL <br /> <br />DEPARTMENT OF THE INTERIORI <br />OFFICE OF THE SECRETARY, <br />Washington, D. C., ApriL 15,1958. <br /> <br />Hon. RICHARD M.,NIXON, <br />President oj the Senate, <br />WashingtQn, D. C. <br />DEAR MR. PRESIDEN1': With my letter of December 30, 1957, I <br />tmnsmitted to you:the first annual report on the status of the Colorado <br />River storage project and participating projects as required by section <br />6 of the authorizing net of Apl'illl, 1956 (70 Stat" 105). <br />The preliminary'repayment studies, referred to in that letter, have <br />been completed !lind a copy of the study entitled "Finaneil11 and <br />Economic Analysis, Colorado River Storage Project and Participating <br />Projects, FehruarS 1958," is transmitted herewith for the information <br />of the Congress. <br />This analysis is intended to be used. as 11. reference and guide by <br />those having resp<)nsibility for carrying out the water resource develop- <br />ment program in :the Upper Colorado River Basin. <br />With construction just starting on initially scheduled units, this <br />first analysis is based largely on planning estimates with such rsfine- <br />moots as are pos'lible in a few instant,es from det.ailed preeonstrur.t.ion <br />estimates and from bids on COllstruct.ion work. The analvsis will be <br />reviewed and re~ised periodielllly as detailed investigations and con- <br />struction of the, development, progress, and I1B new dat.a becomes <br />available. <br />Sincerely,yours, <br /> <br />FRED A. SEATON, <br />Secretary oj the Interior, <br />m <br />