Press Releases
R.I. Infrastructure Bank Closes On $100 Million In Bond Financing For Narragansett Bay Commission CSO Phase III Project
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…
Read MoreRhode Island Infrastructure Bank Earns AAA Credit Ratings From Fitch and S&P
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…
Read MoreArup selected to conduct Rhode Island Coastal Resilience Study
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…
Read MoreWith climate change our new reality, it’s time to invest in a more resilient Rhody
During a one-month stretch in January 2024, Rhode Island was hammered by several severe rainstorms, with communities across the state experiencing 3-5 inches of rain in a very short time. According to the National Weather Service, these storms combined to bring that month’s rainfall total to 300 percent above normal levels. These storms wreaked havoc…
Read MoreLegislators, 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…
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