Press Releases

PRESS RELEASEFor Immediate Release: October 21, 2025 PROVIDENCE, R.I. – Rhode Island Infrastructure Bank has closed on a $6 million Municipal Road and Bridge Revolving Fund loan for the Town Westerly for the construction, renovation, rehabilitation, repair, improvement, and landscaping of town roads, sidewalks, and drainage facilities. “Well maintained roads are essential for Rhode Island’s cities, towns, businesses, and residents and we are pleased to provide $6…

PRESS RELEASEFor Immediate Release: October 15, 2025 PROVIDENCE, R.I. – Rhode Island Infrastructure Bank, the state’s central hub for financing infrastructure improvements for municipalities, businesses, and homeowners has released its annual report, showing that in Fiscal Year 2025 the Bank provided $202 million in grants and loans for clean water, drinking water, emerging contaminants, community septic systems,…

PRESS RELEASEFor Immediate Release: September 17, 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 $218,665 Clean Water State Revolving Fund (CWSRF) loan, with 20% principal forgiveness (i.e. a grant) to the Tiverton Wastewater District for an update to…

PRESS RELEASEFor Immediate Release: August 20, 2025 PROVIDENCE, R.I. – Rhode Island Infrastructure Bank has closed on $5 million in low-cost financing for water main replacements in the Town of Lincoln’s Saylesville neighborhood. The project will replace approximately 7,400 feet of asbestos cement water main with new ductile iron water main. The $5 million Drinking…

For Immediate Release: July 31, 2025 PROVIDENCE, R.I. – Rhode Island Infrastructure Bank has closed on a $1.5 million Municipal Road & Bridge Revolving Fund loan for the Town of Hopkinton for road resurfacing work. The project will be a two-step process, including a shimming of the roads and then a rubber chip seal surfacing that…

PRESS RELEASEFor Immediate Release: July 17, 2025 PROVIDENCE, R.I. – Rhode Island Infrastructure Bank has closed on Municipal Road and Bridge Revolving Fund loans for the Town of Bristol ($2.8 million) and the City of Pawtucket ($3 million). Both communities will use the funds for road resurfacing, paving, and maintenance work. “Roads are essential to…

PRESS RELEASEFor Immediate Release: June 25, 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 $100,000,000 in Clean Water State Revolving Fund bond financing, with $7,069,000 in principal forgiveness stemming from the Infrastructure Investment and Jobs Act. Bond proceeds will help finance the ongoing construction of the Narragansett Bay Commission’s Combined Sewer…

PRESS RELEASEFor Immediate Release: June 4, 2025 PROVIDENCE, R.I. – Rhode Island Infrastructure Bank today announced that leading rating agencies Fitch and S&P have both given AAA, stable outlook credit ratings to the Bank. “These AAA credit ratings are a testament to our strong financial foundation, excellent fiscal stewardship and management controls that we have…

PRESS RELEASE For Immediate Release: 05/29/25 Arup will undertake a statewide analysis of resilience actions, vulnerabilities, and priority projects for investment. Rhode Island Infrastructure Bank and the Rhode Island Department of Environmental Management (RIDEM) today announced global built environment design consultancy Arup has been selected to conduct the state’s first comprehensive coastal resilience study. This initiative…