Our mission is to actively support and finance investments in the State’s infrastructure. The Infrastructure Bank does so through a variety of means, including the issuance of bonds, originating loans and making grants, and the engagement with and mobilization of sources of public and private capital. Through its activities, the Bank fosters infrastructure improvements that create jobs, promote economic development and enhance the environment.
Rhode Island Infrastructure Bank is Rhode Island’s central hub for financing infrastructure improvements for municipalities, businesses, and homeowners. We leverage limited capital in a revolving fund to offer innovative financing for an array of infrastructure-based projects including
- water and wastewater
- road and bridge
- energy efficiency and renewable energy
- brownfield remediation
These quality of life projects improve the State’s infrastructure, create jobs, promote economic development and enhance the environment.
Established by the Rhode Island General Assembly in 1989 as the Clean Water Finance Agency, the Infrastructure Bank’s mandate was significantly expanded in 2015 to include energy and brownfield remediation initiatives. The Infrastructure Bank’s expanded mandate has significantly enhanced its ability to provide competitive financing to a broad variety of infrastructure-based projects. In conjunction with the expansion of its charter, the Infrastructure Bank was rebranded to better reflect its mission and service capabilities.