Graeme's blog

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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 – 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.