PRESS RELEASE
For Immediate Release: July 9, 2026
PROVIDENCE, RI – Rhode Island Infrastructure Bank has closed on a $4 million Municipal Road and Bridge Revolving Fund (MRB) loan for the Town of East Greenwich. The low-cost financing will be used for the construction, rehabilitation, and repair of approximately 12 miles of town roads, as well as sidewalk and drainage facilities work.
“Well-maintained roads are essential to Rhode Island’s communities, businesses, and residents, and we are pleased to provide $4 million in low-cost financing to the Town of East Greenwich so they can more effectively improve and maintain this basic infrastructure,” said William Fazioli, Executive Director of Rhode Island Infrastructure Bank.
“East Greenwich is committed to improving our network of road infrastructure to ensure safe travel for our residents and visitors,” said Town Manager Andrew Nota. “We want to thank the Rhode Island Infrastructure Bank for working with us to obtain this low-cost financing that will allow us to accelerate our road pavement program.”
Paving work will target several major arterial and collector roads townwide, including segments of Frenchtown Road, Middle Road, and South Road.
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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.
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