Graeme's blog

Infrastructure Bank Finances Municipal Road & Bridge Projects

Local Taxpayers Save Over a Million Dollars in Interest Through Bank Financing

PROVIDENCE, RI – Rhode Island Infrastructure Bank announced $18.5 million in financing for road and bridge projects in Central Falls, Pawtucket, and Westerly.  The municipalities will save $1.4 million in interest payments by financing their projects through the Bank. Additionally, the project financing will support approximately 200 well-paying jobs across Rhode Island in the building trades.

Rhode Island Infrastructure Bank Announces Communities Selected for Municipal Resilience Program

Infrastructure Bank to provide funding for communities to implement climate resilience projects

RHODE ISLAND – Rhode Island Infrastructure Bank has announced five communities to participate in the first round of the Municipal Resilience Program (MRP): Barrington, Warren, Portsmouth, South Kingstown and Westerly. Barrington and Warren will partner on shared, priority projects. The Bank committed $2 million in funding to implement climate resilience projects based on specific needs identified in each community.