Infrastructure Bank Provides $218,000 Loan For Tiverton Wastewater Facilities Plan Update

PRESS RELEASE
For Immediate Release: September 17, 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 a $218,665 Clean Water State Revolving Fund (CWSRF) loan, with 20% principal forgiveness (i.e. a grant) to the Tiverton Wastewater District for an update to the district’s facility plan for future sewer improvements. Updated facility plans are a prerequisite to receive project financing through the Clean Water State Revolving Fund.

“Wastewater systems need to be continually maintained and upgraded, and this $218,000 loan will allow the Tiverton Wastewater District to develop plans for infrastructure improvements,” said William Fazioli, Executive Director of the Rhode Island Infrastructure Bank. “Once these plans are complete, Tiverton will be eligible to apply for low-cost financing through the Clean Water State Revolving Fund to implement sewer and wastewater treatment upgrade projects that will serve the town’s residents, businesses, and protect the environment.”

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About the Rhode Island Infrastructure Bank
Rhode Island Infrastructure Bank is Rhode Island’s central hub for financing infrastructure improvements for municipalities, businesses, and homeowners. We leverage capital in a revolving fund to offer innovative financing for an array of infrastructure-based projects including water and wastewater, road and bridge, energy efficiency and renewable energy, and brownfield remediation. These quality-of-life projects improve the State’s infrastructure, create jobs, promote economic development, and enhance the environment. www.riib.org – Facebook: @RIinfrastructure – Twitter: @RI_InfraBank