Infrastructure Bank Provides $5.8 Million In Financing For Road Improvement Work In Bristol & Pawtucket

PRESS RELEASE
For Immediate Release: July 17, 2025

PROVIDENCE, R.I. – Rhode Island Infrastructure Bank has closed on Municipal Road and Bridge Revolving Fund loans for the Town of Bristol ($2.8 million) and the City of Pawtucket ($3 million). Both communities will use the funds for road resurfacing, paving, and maintenance work.

“Roads are essential to Rhode Island’s cities, towns, businesses, and residents and we are pleased to provide low-cost financing to the Town of Bristol and the City of Pawtucket so they can improve and maintain this critical infrastructure,” said William Fazioli, Executive Director of Rhode Island Infrastructure Bank. “Our financing programs make it easier for communities to invest in essential projects at very affordable costs with a streamlined administrative process,” added Fazioli.

“The Town of Bristol works to continually invest in and improve our network of road infrastructure,” said Town Administrator Steven Contente. “That is why we want to thank the Rhode Island Infrastructure Bank for working with us to obtain $2.8 million in low-cost financing through their Municipal Road and Bridge Revolving Fund for road work throughout our community.”

“Upgrading our aging road infrastructure has been one of my top priorities,” said Mayor Donald Grebien. “Over the last 15 years we have repaved more than 150 miles of city roads, and this $3 million in low-cost financing from the Rhode Island Infrastructure Bank will allow us to continue our work resurfacing and repaving roads across Pawtucket. We want to thank the Infrastructure Bank for working with us and providing the ongoing financing needed to meet our road infrastructure investment needs.”

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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