Press Releases
Infrastructure Bank Closes On $1 Million Loan For Study Of Water Quality Issues Impacting City Of Providence Ponds & Rivers
PROVIDENCE, R.I. – Rhode Island Infrastructure Bank has closed on a $1,000,000 Clean Water State Revolving Fund Loan, with $400,000 in principal forgiveness, for the City of Providence to conduct studies into water quality issues impacting Mashpaug Pond (phosphorous), Roger Williams Park Ponds (phosphorous and bacteria), the Woonasquatucket River (heavy metals and bacteria), and West…
Read MoreInfrastructure Bank Closes On $5.5 Million Loan For Energy Efficiency Upgrades At Providence Water Treatment Plant & Pump Stations
PROVIDENCE, R.I. – Rhode Island Infrastructure Bank has closed on a $5,500,000 Efficient Buildings Fund loan for numerous energy efficiency measures to be implemented at Providence Water’s water treatment facility and pump stations. “Providence Water has been a real leader in adopting renewable and energy efficient systems, and this $5.5 million loan from our Efficient…
Read MoreR.I. Infrastructure Bank Awards $632,100 In Grants For Stormwater Projects In East Providence, Pawtucket & Little Compton
Sewer Overflow and Stormwater Reuse Municipal Grant Program funds will improve stormwater management and reduce impacts on nearby waterways. PROVIDENCE, R.I. – Rhode Island Infrastructure Bank, the state’s central hub for financing infrastructure improvements for municipalities, businesses, and homeowners, has awarded $632,100 in Sewer Overflow and Stormwater Reuse Municipal Grant Program funds for stormwater management…
Read MoreInfrastructure Bank Awards $2.5 Million In Municipal Infrastructure Grants for Pawtucket, East Providence, North Providence, East Greenwich, Lincoln & Cranston Projects
PROVIDENCE, R.I. – The Board of Rhode Island Infrastructure Bank has voted to award a total of $2.5 million in Municipal Infrastructure Grant Program funds to the communities of Pawtucket, East Providence, North Providence, East Greenwich, Lincoln, and Cranston for the completion of actionable, impactful projects identified through a request for proposals process. “We’re pleased…
Read MoreBill Fazioli Named New Managing Director at R.I. Infrastructure Bank, Anna Coelho Cortes Promoted to Deputy Managing Director
PROVIDENCE, R.I. – Rhode Island Infrastructure Bank, the state’s central hub for financing infrastructure improvements for municipalities, businesses, and homeowners, today announced that Bill Fazioli has been named the Bank’s new Managing Director of Program and Business Development and that Anna Coelho Cortes has been promoted to Deputy Managing Director of Program and Business Development.…
Read MoreRhode Island Infrastructure Bank Releases Municipal Resilience Program Rolling Application
Cities and towns can now apply on a rolling basis to complete workshops and become eligible to apply for funding to advance climate resilience projects. PROVIDENCE, R.I – Rhode Island Infrastructure Bank has released a rolling application for its Municipal Resilience Program. Municipalities with approved applications will participate in a workshop process to identify and prioritize…
Read MoreInfrastructure Bank Provides More Than $15 Million In Loans For Newport Clean and Drinking Water Projects
PROVIDENCE, R.I. – Rhode Island Infrastructure Bank has closed on $15.8 million in loans for critical clean and drinking water infrastructure projects in the City of Newport. A $12.5 million loan from the Bank’s Clean Water State Revolving Fund will finance upgrades to the Long Wharf Pump Station including replacing pumping and odor control systems,…
Read MoreInfrastructure Bank Provides More Than $9 Million In Loans For Smithfield Energy Efficiency, Drinking Water & Septic System Projects
PROVIDENCE, R.I. – Rhode Island Infrastructure Bank has closed on $9.8 million in loans for energy efficiency, drinking water, and septic system projects in the Town of Smithfield. A $6.6 million loan from the Bank’s Efficient Buildings Fund will finance energy efficiency upgrades at Smithfield High School and Vincent J. Gallagher Middle School. Efficiency upgrades…
Read MoreRhode Island Infrastructure Bank Names 5 Municipalities to Join the Municipal Resilience Program
Cities and towns will complete workshops and advance projects to address the impacts of climate change. PROVIDENCE, R.I – Rhode Island Infrastructure Bank today announced 5 new municipalities – Coventry, East Greenwich, Hopkinton, North Providence, and West Greenwich – to participate in the Municipal Resilience Program (MRP). Communities will identify and prioritize local actions through the…
Read MoreEileen Rose Named New Chief Financial Officer at R.I. Infrastructure Bank
PROVIDENCE, R.I. – Rhode Island Infrastructure Bank, the state’s central hub for financing infrastructure improvements for municipalities, businesses, and homeowners, today announced that Eileen Rose has been named the Bank’s new Chief Financial Officer and Chief Operating Officer. “Eileen brings more than 30 years of experience as a certified public accountant, certified internal auditor, and…
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