Press Releases
$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…
Read MoreBill Fazioli Named New Managing Director at R.I. Infrastructure Bank, Anna Coelho Cortes Promoted to Deputy Managing Director
PROVIDENCE, R.I. – Rhode Island Infrastructure Bank, the state’s central hub for financing infrastructure improvements for municipalities, businesses, and homeowners, today announced that Bill Fazioli has been named the Bank’s new Managing Director of Program and Business Development and that Anna Coelho Cortes has been promoted to Deputy Managing Director of Program and Business Development.…
Read MoreRhode Island Infrastructure Bank Releases Municipal Resilience Program Rolling Application
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…
Read MoreInfrastructure Bank Provides More Than $15 Million In Loans For Newport Clean and Drinking Water Projects
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,…
Read MoreInfrastructure Bank Provides More Than $9 Million In Loans For Smithfield Energy Efficiency, Drinking Water & Septic System Projects
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…
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