Press Releases

For Immediate Release: March 3, 2026 PROVIDENCE, R.I. – Rhode Island Infrastructure Bank, the state’s central hub for financing infrastructure improvements for municipalities, businesses, and homeowners, has awarded a $2,011,880 Emerging Contaminants Grant to the Narragansett Bay Commission (NBC). The grant will be used to address Polyfluoroalkyl substances (PFAS) by enhancing NBC’s laboratory capacity through the…

For Immediate Release: February 25, 2026 PROVIDENCE, R.I. – Rhode Island Infrastructure Bank, the state’s central hub for financing infrastructure improvements for municipalities, businesses, and homeowners, has successfully closed on a $184,495,000 bond issuance to finance critical infrastructure investments in clean water (Narragansett Bay Commission, $75 million) and drinking water (Kent County Water Authority, $25…

PRESS RELEASEFor Immediate Release: February 3, 2026 PROVIDENCE, R.I. – Rhode Island Infrastructure Bank today announced that leading rating agencies Fitch and S&P have given AAA, stable outlook credit ratings to the Bank’s Clean Water State Revolving Fund and Drinking Water State Revolving Fund programs. Both agencies point out several underlying factors which contribute to these top tier credit ratings…

PRESS RELEASEFor Immediate Release: January 8, 2026 PROVIDENCE, R.I. – Rhode Island Infrastructure Bank (RIIB), the state’s central hub for financing infrastructure improvements for municipalities, businesses, and homeowners, in coordination with the Rhode Island Department of Health (RIDOH) has awarded a $199,856 Emerging Contaminants grant to the University of Rhode Island (URI) to conduct a…

PRESS RELEASEFor Immediate Release: December 16, 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 a $21 million Drinking Water State Revolving Fund loan with $9.4 million in principal forgiveness (i.e. a grant) for Providence Water to complete the Trinity Square…

PRESS RELEASEFor Immediate Release: December 4, 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 a $11,069,500 Clean Water State Revolving Fund (CWSRF) loan, with 20% principal forgiveness (i.e. a $2.2 million grant) to the Warwick Sewer Authority for three…

For Immediate Release: December 4, 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 a $3,700,000 Clean Water State Revolving Fund (CWSRF) loan, with 20% principal forgiveness, to the Town of West Warwick for three critical wastewater treatment system improvement…

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 $788,000 Clean Water State Revolving Fund (CWSRF) loan to the Town of Bristol for the design and engineering required for four waste and stormwater projects: “Like many coastal communities, Bristol is…

PRESS RELEASEFor Immediate Release: October 31, 2025 PROVIDENCE, R.I. – Rhode Island Infrastructure Bank, the state’s central hub for financing infrastructure improvements for municipalities, businesses, and homeowners has approved a total of $377,500 in Community Project Assistance Fund grant awards for the communities of Jamestown, Lincoln, Middletown, North Smithfield, Pawtucket, Scituate, South Kingstown, and West…

PRESS RELEASEFor Immediate Release: October 23, 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 a $100,000 Drinking Water State Revolving Fund (DWSRF) loan with 100% principal forgiveness (i.e. a grant) to the Prudence Park Water Association for the installation…