Press Releases
R.I. Infrastructure Bank Awards $1.7 Million To Chariho, Foster & Scituate Public Schools To Address PFAS
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 awarded a total of $1,714,928 in Emerging Contaminants grants to the Chariho, Foster, and Scituate Public School districts for water treatment upgrades to remove per-…
Read MoreR.I. Infrastructure Bank Issues $41 Million Bond To Finance Narragansett Bay Commission CSO Phase III Construction
PROVIDENCE, R.I. – Rhode Island Infrastructure Bank, the state’s central hub for financing infrastructure improvements for municipalities, businesses, and homeowners, has issued a $41,630,000 Clean Water State Revolving Fund bond, with $5,200,000 in principal forgiveness stemming from the Bipartisan Infrastructure Law (e.g., a grant). Bond proceeds will help finance the ongoing construction of the Narragansett…
Read MoreFitch and S&P Give AAA Credit Rating To Rhode Island Infrastructure Bank
PROVIDENCE, R.I. – Rhode Island Infrastructure Bank today announced that leading rating agencies Fitch and S&P have both given AAA, outlook stable credit ratings to the Bank. “Receiving these AAA credit ratings is a testament to the strong financial foundation we have built, and Rhode Island Infrastructure Bank’s resilient fiscal condition,” said Executive Director William…
Read MoreGovernor McKee, Infrastructure Bank Announce $12 Million In Action Grants for Municipal Resilience Projects Across 20 Communities Across Rhode Island
PROVIDENCE, RI – Today, Governor Dan McKee and the Rhode Island Infrastructure Bank announced $12 million in Action Grants for participants of the Municipal Resilience Program (MRP). Communities prioritized local actions through the program and will use grant funds to implement projects that will increase their climate resilience. Funding for these action grants comes from the…
Read MoreInfrastructure Bank Closes On $15 Million Loan for Pawtucket Drinking Water Upgrades
PROVIDENCE, R.I. – Rhode Island Infrastructure Bank has closed on a $15,000,000 Drinking Water State Revolving Fund loan, with $2.25 million in principal forgiveness (e.g. a grant), to finance water meter replacements in the City of Pawtucket. Funding for the loan was made available through the Bipartisan Infrastructure Law, passed by Congress in November 2021.…
Read MoreInfrastructure Bank Closes On $5.5 Million In Loans for Woonsocket Drinking Water Upgrades
PROVIDENCE, R.I. – Rhode Island Infrastructure Bank has closed on two loans to finance drinking water infrastructure upgrades in the City of Woonsocket; a $5,000,000 Drinking Water State Revolving Fund loan, with $2 million in principal forgiveness (e.g. a grant) for water meter replacements, and a $525,000 Drinking Water State Revolving Fund loan, with $505,000…
Read MoreInfrastructure Bank Closes On $26 Million Loan for East Providence Drinking Water Upgrades
PROVIDENCE, R.I. – Rhode Island Infrastructure Bank has closed on a $26,000,000 Drinking Water State Revolving Fund loan, with $3.9 million in principal forgiveness (e.g. a grant), to finance water main infrastructure upgrades in the City of East Providence. Funding for this loan was made available through the Bipartisan Infrastructure Law, passed by Congress in…
Read MorePortsmouth Receives $2 Million From R.I. Infrastructure Bank To Continue Septic System Loan Program For Homeowners
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 $2,000,000 loan to the that will allow the Town of Portsmouth to continue making 0% interest loans to qualifying homeowners to repair or replace failing septic systems and cesspools. The loan…
Read MoreTiverton Receives $600,000 From R.I. Infrastructure Bank To Continue Septic System Loan Program For Homeowners
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 $600,000 loan to the Town of Tiverton that will allow the community to continue making 0% interest loans to qualifying homeowners to repair or replace failing septic systems and cesspools. The…
Read MoreGovernor McKee, RI Infrastructure Bank Announce Opening of Municipal Matching Funds Pool
PROVIDENCE, R.I. – Governor Dan McKee and Rhode Island Infrastructure Bank, the state’s central hub for financing infrastructure improvements for municipalities, businesses, and homeowners, today announced the opening of the Municipal Matching Funds Pool through the Bank’s Municipal Infrastructure Grant Program, and encouraged local cities and towns to submit applications. The $5.5 million in available…
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