Press Releases
Legislators, Treasurer Diossa, Infrastructure Bank urge passage of Resilient Rhody Infrastructure Fund Bill
STATE HOUSE – Earlier today, Rep. Terri Cortvriend and Sen. Louis DiPalma were joined by Rep. Tina Spears, Rhode Island General Treasurer James Diossa, Bristol Town Manager Steven Contente, and Rhode Island Infrastructure Bank Executive Director William Fazioli at Bristol’s Independence Park to urge passage of legislation (2025-H 6252) formally establishing the Resilient Rhody Infrastructure…
Read MoreInfrastructure Bank Closes On $26.3 Million Loan For Providence Water To Continue Lead Service Line Replacement Program
PRESS RELEASEFor Immediate Release: April 29, 2025 $26.3 million in Infrastructure Investment and Jobs Act funding to be utilized for lead pipe replacement work within Providence Water’s service area. 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…
Read MoreInfrastructure Bank Approves $3.8 Million Loan For New Prudence Island Drinking Water Treatment System
PRESS RELEASEFor Immediate Release: April 14, 2025 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 $3,887,450 Drinking Water State Revolving Fund loan with 100% principal forgiveness (e.g. a grant) to…
Read MoreInfrastructure Bank Approves $1.6 Million Loan To Connect Rockland Oaks Senior Housing Development To New Drinking Water System
PRESS RELEASEFor Immediate Release: March 20, 2025 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 $1,662,100 Drinking Water State Revolving Fund (DWSRF) loan with 100% principal forgiveness (i.e. a grant)…
Read MoreInfrastructure Bank Provides $250,000 Grant To Central Falls For Sewer System Upgrade Planning
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 $250,000 Clean Water State Revolving Fund (CWSRF) loan, with 100% principal forgiveness (i.e. a grant) to the City of Central Falls for the development of a sewer facility plan. The funding…
Read MoreCoventry Structured Investments Provides $25.8 Million In C-PACE Financing Through RI Infrastructure Bank for RI Grows Greenhouse
PROVIDENCE, R.I. – Rhode Island Infrastructure Bank today announced $25.8 million in Commercial Property Assessed Clean Energy (C-PACE) program financing from Coventry Structured Investments (CSI) for stormwater filtration and high efficiency energy systems to be incorporated into the 25-acre Rhode Island Grows greenhouse facility in Exeter. When completed, the hydroponic greenhouse will produce an estimated…
Read MoreInfrastructure Bank Awards $638,000 In Emerging Contaminants Grants To Small Water Systems In Newport, Scituate & Little Compton
PROVIDENCE, R.I. – Rhode Island Infrastructure Bank, in coordination with the Rhode Island Department of Health, has awarded a total of $638,000 in grant funding to small water systems in Newport, Scituate, and Little Compton to address PFAS and manganese contamination impacting public drinking water sources. The awards come from the U.S. Environmental Protection Agency’s…
Read MoreInfrastructure Bank Awards $3.3 Million In Municipal Infrastructure Grants for Projects In 11 Cities & Towns
PROVIDENCE, R.I. – The Board of Rhode Island Infrastructure Bank has voted to award a total of $3,341,918 million in Municipal Infrastructure Grant Program (MIGP) awards to the communities of Bristol, Burrillville, Coventry, Cumberland, East Providence, Jamestown, Portsmouth, Providence, Warwick, West Warwick, and Westerly for the completion of actionable, impactful projects identified through a request…
Read MoreR.I. Infrastructure Bank Provides $550,000 In Septic System Loan Financing For Johnston & Scituate Programs
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 $250,000 loan for the Town of Johnston and a $300,000 loan for the Town of Scituate to allow both communities to make 0% interest loans to qualifying homeowners to repair or…
Read MoreR.I. Infrastructure Bank Provides Westerly With $250,000 In Sewer Tie In Loan Program Financing
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 $250,000 loan to allow the Town of Westerly to offer 0% interest, 5-year loans to eligible homes to tie into the Town’s sewer system and abandon outdated septic and cesspool systems. “Transitioning from old…
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