Posts by Chris Hunter

PRESS RELEASEFor Immediate Release: July 17, 2025 PROVIDENCE, R.I. – Rhode Island Infrastructure Bank has closed on Municipal Road and Bridge Revolving Fund loans for the Town of Bristol ($2.8 million) and the City of Pawtucket ($3 million). Both communities will use the funds for road resurfacing, paving, and maintenance work. “Roads are essential to…

PRESS RELEASEFor Immediate Release: June 25, 2025 PROVIDENCE, R.I. – Rhode Island Infrastructure Bank, the state’s central hub for financing infrastructure improvements for municipalities, businesses, and homeowners, has closed on $100,000,000 in Clean Water State Revolving Fund bond financing, with $7,069,000 in principal forgiveness stemming from the Infrastructure Investment and Jobs Act. Bond proceeds will help finance the ongoing construction of the Narragansett Bay Commission’s Combined Sewer…

PRESS RELEASEFor Immediate Release: June 4, 2025 PROVIDENCE, R.I. – Rhode Island Infrastructure Bank today announced that leading rating agencies Fitch and S&P have both given AAA, stable outlook credit ratings to the Bank. “These AAA credit ratings are a testament to our strong financial foundation, excellent fiscal stewardship and management controls that we have…

PRESS RELEASE For Immediate Release: 05/29/25 Arup will undertake a statewide analysis of resilience actions, vulnerabilities, and priority projects for investment. Rhode Island Infrastructure Bank and the Rhode Island Department of Environmental Management (RIDEM) today announced global built environment design consultancy Arup has been selected to conduct the state’s first comprehensive coastal resilience study. This initiative…

PRESS RELEASEFor Immediate Release: April 29, 2025 $26.3 million in Infrastructure Investment and Jobs Act funding to be utilized for lead pipe replacement work within Providence Water’s service area. PROVIDENCE, R.I. – Rhode Island Infrastructure Bank, the state’s central hub for financing infrastructure improvements for municipalities, businesses, and homeowners, in partnership with the Rhode Island…

PRESS RELEASEFor Immediate Release: April 14, 2025 PROVIDENCE, R.I. – Rhode Island Infrastructure Bank, the state’s central hub for financing infrastructure improvements for municipalities, businesses, and homeowners, in partnership with the Rhode Island Department of Health, has closed on a $3,887,450 Drinking Water State Revolving Fund loan with 100% principal forgiveness (e.g. a grant) to…

PRESS RELEASEFor Immediate Release: March 20, 2025 PROVIDENCE, R.I. – Rhode Island Infrastructure Bank, the state’s central hub for financing infrastructure improvements for municipalities, businesses, and homeowners, in partnership with the Rhode Island Department of Health, has closed on a $1,662,100 Drinking Water State Revolving Fund (DWSRF) loan with 100% principal forgiveness (i.e. a grant)…

PROVIDENCE, R.I. – Rhode Island Infrastructure Bank, the state’s central hub for financing infrastructure improvements for municipalities, businesses, and homeowners has closed on a $250,000 Clean Water State Revolving Fund (CWSRF) loan, with 100% principal forgiveness (i.e. a grant) to the City of Central Falls for the development of a sewer facility plan. The funding…

PROVIDENCE, R.I. – Rhode Island Infrastructure Bank today announced $25.8 million in Commercial Property Assessed Clean Energy (C-PACE) program financing from Coventry Structured Investments (CSI) for stormwater filtration and high efficiency energy systems to be incorporated into the 25-acre Rhode Island Grows greenhouse facility in Exeter. When completed, the hydroponic greenhouse will produce an estimated…

PROVIDENCE, R.I. – Rhode Island Infrastructure Bank, in coordination with the Rhode Island Department of Health, has awarded a total of $638,000 in grant funding to small water systems in Newport, Scituate, and Little Compton to address PFAS and manganese contamination impacting public drinking water sources. The awards come from the U.S. Environmental Protection Agency’s…