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.