Press Releases

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…

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,…

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…

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…

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…

PROVIDENCE, R.I. – At last night’s public meeting, the Board of Rhode Island Infrastructure Bank voted to award a total of $1 million in Municipal Infrastructure Grant Program funds to the communities of Central Falls, New Shoreham, Burrillville, and Glocester for the completion of actionable, impactful projects identified through a request for proposals process. “The…

PROVIDENCE, R.I. – With the recent announcement by Rhode Island Energy that residential and commercial electricity rates are set to increase by nearly 50 percent starting in October, Rhode Island Infrastructure Bank is reminding cities, towns, and commercial and industrial property owners of the Bank’s efficiency and renewable energy programs for financing projects that generate…

PRESS RELEASE For Immediate Release: July 11, 2022 Contact: Chris Hunter, 401-487-7771 PROVIDENCE, R.I. – On June 27, Rhode Island Infrastructure Bank closed on a $7.8 million Clean Water State Revolving Fund loan for the Town of Bristol to finance a number of upgrades to the town’s wastewater treatment facility including rehabilitating settling tanks, new dewatering…

PROVIDENCE, R.I. – Today, Rhode Island Infrastructure Bank closed on a $7.8 million Clean Water State Revolving Fund loan for the Town of Bristol to finance a number of upgrades to the town’s wastewater treatment facility including rehabilitating settling tanks, new dewatering equipment, and new piping. “Our wastewater treatment plant is a critical piece of…