Above water

Below water

When I say "the same thing" I mean, could this exact same structure be recreated? By that I mean stand-alone water tanks in the middle of an open area like in the demo, taking you under water without full-height vertical walls being visible above the water from the below-water viewpoint?
I've tried, and failed, but I'm not very confident with vertical portals anyway. However, my interpretation of the tutorials that I read led me to believe that maybe this particular setup isn't well suited to portals anyway. So, can it be done?
Sorry, I don't have the source for the ACS in this map, but IIRC, it's just the HUDMessage when you start anyway. There is nothing about the map setup that needs a script.