Press Releases
Infrastructure Bank Announces $4.9 Million for Municipal Resilience Program Action Grants and Names 6 Municipalities to Participate in 2022 Program Round
Cities and towns will implement specific projects to address impacts of climate change PROVIDENCE, R.I – Rhode Island Infrastructure Bank today announced $4.9 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.…
Read MoreInfrastructure Bank Awards $827,000 In Water Quality Grants To 4 Water Systems Across Rhode Island
Infrastructure Bank Awards $827,000 In Water Quality Grants To 4 Water Systems Across Rhode Island PROVIDENCE, R.I. – Rhode Island Infrastructure Bank (Infrastructure Bank) today announced the award of $827,000 in water quality grants to 4 public water systems across Rhode Island. Awards come from the Bank’s Water Quality Protection Charge program, which makes funds available…
Read MoreInfrastructure Bank Announces $810,000 In Financing & Principal Forgiveness For Ponaganset High School Water System Upgrades
Infrastructure Bank Announces $810,000 In Financing & Principal Forgiveness For Ponaganset High School Water System Upgrades PROVIDENCE, R.I. – Rhode Island Infrastructure Bank (Infrastructure Bank) today announced an $810,000 loan and $200,000 in principal forgiveness for safe drinking water upgrades to Ponaganset High School’s water system. The project is being financed via the Drinking Water…
Read MoreInfrastructure Bank Announces $20 Million in Financing for New Kent County Water Authority Administration and Maintenance Facility
Infrastructure Bank Announces $20 Million in Financing for New Kent County Water Authority Administration and Maintenance Facility PROVIDENCE, R.I. – Rhode Island Infrastructure Bank (Infrastructure Bank) today announced a $20 million loan to the Kent County Water Authority, enabling the Authority to move forward with the construction of a new energy efficient administration and maintenance…
Read MoreR.I. Infrastructure Bank Releases Resilient Rhody Three Year Impact Update Report
R.I. Infrastructure Bank Releases Resilient Rhody Three Year Impact Update Report PROVIDENCE, R.I. – Today, Rhode Island Infrastructure Bank (Infrastructure Bank) released the Resilient Rhody 3 Year Impact Report detailing progress that has been made by state agency and municipal partners in turning the original 2018 Resilient Rhody report’s recommendations into concrete actions including infrastructure upgrades, coordinated planning, and…
Read MoreRhode Island Infrastructure Bank Creates New Aquidneck Island Regional Resilience Coordinator Position
PROVIDENCE, R.I. – Rhode Island Infrastructure Bank (Infrastructure Bank) today announced the creation of a new pilot “Regional Resilience Coordinator” position to provide dedicated technical assistance to Aquidneck Island’s municipalities to implement climate resiliency investments. The hiring of this two-year pilot position has been made possible thanks to the support of the van Beuren Charitable…
Read MoreInfrastructure Bank Announces Financing & Grant Package For New Groundwork Rhode Island Community Composting Facility
PROVIDENCE, R.I. – Rhode Island Infrastructure Bank (Infrastructure Bank) today announced the creation of a new pilot “Regional Resilience Coordinator” position to provide dedicated technical assistance to Aquidneck Island’s municipalities to implement climate resiliency investments. The hiring of this two-year pilot position has been made possible thanks to the support of the van Beuren Charitable…
Read MoreRI Infrastructure Bank Bond Refinancing Returns $6.4 Million In Savings To Municipalities
PROVIDENCE, R.I. – Rhode Island Infrastructure Bank (Infrastructure Bank) today announced the creation of a new pilot “Regional Resilience Coordinator” position to provide dedicated technical assistance to Aquidneck Island’s municipalities to implement climate resiliency investments. The hiring of this two-year pilot position has been made possible thanks to the support of the van Beuren Charitable…
Read MoreInfrastructure Bank to Sell State Revolving Fund Refunding Revenue Bonds
Infrastructure Bank to Sell State Revolving Fund Refunding Revenue Bonds PROVIDENCE, RI – Rhode Island Infrastructure Bank (the Bank) announced today that it is offering $127.965 million* of State Revolving Fund Refunding Revenue Bonds (Federally Taxable) on August 17, 2021, which are expected to be delivered on September 1, 2021. The bonds will be offered…
Read MoreInfrastructure Bank Approves $400,000 Brownfield Loan for Nexus Lofts Project in Pawtucket
PROVIDENCE, R.I. – Rhode Island Infrastructure Bank (Infrastructure Bank) today announced the approval of a $400,000 loan from the Brownfields Revolving Loan Fund to finance environmental remediation work as part of the larger Nexus Lofts redevelopment project located at 49 North Union Street, in downtown Pawtucket. The redevelopment will include 27 affordable market-rate apartments with…
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