Press Releases

PRESS RELEASEFor Immediate Release: June 2, 2026 PROVIDENCE, R.I. – Rhode Island Infrastructure Bank, the state’s central hub for financing infrastructure improvements for municipalities, businesses, and homeowners, has closed on two loans totaling $950,000 to the Town of Tiverton ($450,000) and the Town of Jamestown ($500,000). These loans, made through the Infrastructure Bank’s Community Septic…

PRESS RELEASEFor Immediate Release: May 29, 2026 $6.2 million Municipal Road & Bridge Fund loan to finance accessibility and historic preservation improvements along Benefit Street. 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 $6,200,000 Municipal Road & Bridge Fund…

PRESS RELEASEFor Immediate Release: April 28, 2026 PROVIDENCE, R.I. – Rhode Island Infrastructure Bank, in coordination with the Rhode Island Department of Health (RIDOH), has awarded a $1,481,570 grant to the Smithfield Water Supply Board for the construction and implementation of the Lake Forest Health & Rehabilitation Center Log Road interconnection project. The project will…

PRESS RELEASEFor Immediate Release: April 27, 2026 PROVIDENCE, R.I. – Rhode Island Infrastructure Bank, the state’s central hub for financing infrastructure improvements for municipalities, businesses, and homeowners, in partnership with the Rhode Island Department of Health, has closed on a $26.2 million Drinking Water State Revolving Fund loan with $12.8 million in principal forgiveness (i.e. a…

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…