Press Releases
Infrastructure Bank Names Joanna L’Heureux New Chief Financial & Operating Officer
PROVIDENCE, R.I. – Rhode Island Infrastructure Bank, the state’s central hub for financing infrastructure improvements for municipalities, businesses, and homeowners, today announced that Joanna L’Heureux has been named the Bank’s new Chief Financial and Operating Officer. “Joanna L’Heureux brings more than 30 years of experience in public finance, accounting and strong leadership qualities to the…
Read MoreR.I. Infrastructure Bank Appoints William J. Fazioli As Executive Director
PROVIDENCE, R.I. – The Board of the Rhode Island Infrastructure Bank today announced the appointment of William J. Fazioli as CEO and Executive Director of the Bank. The appointment of Mr. Fazioli follows the departure of Jeffrey R. Diehl who, as Chief Executive Officer and Executive Director of the Bank, provided more than 7 years…
Read MoreRhode Island Infrastructure Bank Names Three Municipalities To Join The Municipal Resilience Program
PROVIDENCE, R.I – Rhode Island Infrastructure Bank announced that three municipalities – the City of Cranston, the Town of Johnston, and the Town of West Warwick – have been selected to participate in the Bank’s Municipal Resilience Program (MRP). Cranston and Johnston join West Warwick, who was accepted earlier this year, as the three newest…
Read MoreInfrastructure Bank Applauds Governor and General Assembly Funding For Municipal Infrastructure, Clean Water, Drinking Water, and Affordable Housing Projects
PROVIDENCE, R.I. – Rhode Island Infrastructure Bank is applauding the Governor and General Assembly for funding several infrastructure priorities in the FY 2024 state budget including: $5.5 million for the Municipal Infrastructure Grant Program (MIGP) – Originally created by the General Assembly in 2021, the MIGP has awarded $3.5 million in grant funding to 9…
Read More$515,000 Infrastructure Bank Loan Will Allow Narragansett To Better Protect Scarborough Treatment Facility From Coastal Erosion
PROVIDENCE, R.I. – Rhode Island Infrastructure Bank has closed on a $515,000 Clean Water State Revolving Fund loan to the Town of Narragansett for site improvements at the Town’s Scarborough Wastewater Treatment Facility to better protect the site from coastal erosion. Specifically, funds will be used to restore a 600-foot-long rip-rap barrier which extends seaward…
Read MoreInfrastructure Bank Closes on $77 Million Green Bond to Support Clean & Drinking Water Projects Across Rhode Island
PROVIDENCE, R.I. – Rhode Island Infrastructure Bank has closed on a $77,260,000 Green Bond to support clean water projects for the Narragansett Bay Commission and the communities of East Greenwich, East Providence, Middletown, Woonsocket, and Warwick, and for drinking water projects in the City of Providence. “Thanks to the Bipartisan Infrastructure Law, Rhode Island’s Clean…
Read MoreInfrastructure Bank Closes On $1 Million Loan For Study Of Water Quality Issues Impacting City Of Providence Ponds & Rivers
PROVIDENCE, R.I. – Rhode Island Infrastructure Bank has closed on a $1,000,000 Clean Water State Revolving Fund Loan, with $400,000 in principal forgiveness, for the City of Providence to conduct studies into water quality issues impacting Mashpaug Pond (phosphorous), Roger Williams Park Ponds (phosphorous and bacteria), the Woonasquatucket River (heavy metals and bacteria), and West…
Read MoreInfrastructure Bank Closes On $5.5 Million Loan For Energy Efficiency Upgrades At Providence Water Treatment Plant & Pump Stations
PROVIDENCE, R.I. – Rhode Island Infrastructure Bank has closed on a $5,500,000 Efficient Buildings Fund loan for numerous energy efficiency measures to be implemented at Providence Water’s water treatment facility and pump stations. “Providence Water has been a real leader in adopting renewable and energy efficient systems, and this $5.5 million loan from our Efficient…
Read MoreR.I. Infrastructure Bank Awards $632,100 In Grants For Stormwater Projects In East Providence, Pawtucket & Little Compton
Sewer Overflow and Stormwater Reuse Municipal Grant Program funds will improve stormwater management and reduce impacts on nearby waterways. PROVIDENCE, R.I. – Rhode Island Infrastructure Bank, the state’s central hub for financing infrastructure improvements for municipalities, businesses, and homeowners, has awarded $632,100 in Sewer Overflow and Stormwater Reuse Municipal Grant Program funds for stormwater management…
Read MoreInfrastructure Bank Awards $2.5 Million In Municipal Infrastructure Grants for Pawtucket, East Providence, North Providence, East Greenwich, Lincoln & Cranston Projects
PROVIDENCE, R.I. – The Board of Rhode Island Infrastructure Bank has voted to award a total of $2.5 million in Municipal Infrastructure Grant Program funds to the communities of Pawtucket, East Providence, North Providence, East Greenwich, Lincoln, and Cranston for the completion of actionable, impactful projects identified through a request for proposals process. “We’re pleased…
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