Established in 1989, Rhode Island Infrastructure Bank works collaboratively with public and private capital providers to develop and deploy solutions that support and finance investments in the State's infrastructure and green energy initiatives. Our innovative loan programs for municipalities, quasi-public agencies and private property owners accelerate investments that create jobs, promote economic development and enhance the environment.
CREATED AND SUPPORTED OVER
JOBS
AND PROVIDED OVER
BILLION
IN FINANCING
An example of the powerful combination of financing tools that Rhode Island Infrastructure Bank has at its disposal, the City of Newport was able to combine financing from two different programs to complete comprehensive upgrades to its wastewater treatment facility. The upgrades to the facility will reduce water pollution occurring during wet weather, increase resilience against climate change and provide cash flow savings by reducing expenditures on energy through the installation of solar panels.
Through the Efficient Buildings Fund, Rhode Island Infrastructure Bank provided a $2.2 million loan to Cranston Public Schools for the completion of energy efficiency improvements at Edgewood Highland Elementary School. The improvements will reduce annual operating expenses at the school by more than 40% while providing significant air quality, temperature and ventilation benefits that will improve the student learning environment.
