Rhode Island Infrastructure Bank

We recently joined The Nature Conservancy in Rhode Island and the Providence Parks Department for a visit to Providence's Mashapaug Pond in Rogers Williams Park. The pond experiences high phosphorus levels from increased flooding and increased heat due to climate change. We've provided the City of Providence with over $1.6 million in loans and Municipal Resilience Program action grants to develop and implement innovative stormwater management methods, including a "treatment train," to improve water quality in Roger Williams Park ponds. Solutions that were identified through our Municipal Resilience Program workshop process, hosted in partnership with the Nature Conservancy.

Pleased to provide a $200,000 Municipal Resilience Program Action Grant to the Town of Charlestown, RI for engineering, design, permitting, and community outreach for needed repairs to the Charlestown Breachway, which has been impacted by sea level rise and storm surge events.

Battered Charlestown breachway to get funds for needed repair work CHARLESTOWN — Damage caused to Charlestown’s breachway during last winter’s storms is being addressed with the help of federal funds and state assistance, the town administrator said last week.

Good The Providence Journal story about the new PowerUpRI program that offers rebates of up to $700 for homeowners and landlords to install electric vehicle chargers. Proud to partner with Rhode Island Office of Energy Resources on this new program that will help our state meet Act On Climate clean energy goals.

Thinking about buying an electric car? RI will now pay you to install a charger. The state is rolling out a new rebate program that could pay the entire cost of an at-home electric car charger.

Attention RI small businesses: Our Small Business Clean Energy Grant Program is awarding grants of up to $500,000 for small businesses ($10 million or less in gross revenue) to invest in energy efficiency, renewable energy, and clean heating projects. Learn more and apply here:https://www.riib.org/wp-content/uploads/2024/07/SMALL-BUSINESS-CLEAN-ENERGY-GRANT-PROGRAM-RFP.pdf

Pleased to close on a $1 million Drinking Water State Revolving Fund loan, with $200,000 in principal forgiveness (i.e. a grant) for drinking water system upgrades at Scituate Public Schools Middle and High School.

We're hiring a Staff Accountant! Come work at the intersection of finance, green banking and public policy. Full job description here:https://www.riib.org/wp-content/uploads/2024/08/Job-Description-Staff-Accountant-FINAL.pdf - Resumes and cover letters to [email protected].

This morning we joined with Governor Dan McKee and the Rhode Island Office of Energy Resources at the home of Cumberland resident and EV owner Peter Viner-Brown to launch the PowerUpRI EV charger rebate program.

PowerUpRI provides financial incentives for eligible EV chargers and any necessary electrical upgrades. The program covers up to $700 or 50 percent of the purchase and installation costs of a Level 2 residential EV charger, whichever is less, if electrical upgrades are required. For those without electrical upgrades, the coverage is up to $350 or 50 percent of the purchase price, whichever is less. Learn more and apply here: https://drive.ri.gov/powerupri

Proud to participate in this program that will help Rhode Island meet Act On Climate goals.

Pleased to support the City of Pawtucket, RI - Pawtucket City Hall - Mayor's Office's riverfront redevelopment efforts via a $350,000 award from our Municipal Infrastructure Grant Program.

Pawtucket awards design contract for riverwalk, pedestrian bridge PAWTUCKET – City officials have awarded an engineering contract to Beta Group of Lincoln to design public amenities adjacent to the Tidewater Landing soccer stadium development.

Our July update is out with news about our big impact in FY 2024, our tour of resilient infrastructure in the Town of Westerly, Emerging Contaminants grants to address PFAS in drinking water, building resilience into the Town of Cumberland's ordinances, and more.

$200 Million Impact In FY 2024 Infrastructure Bank Update     $200 Million Impact In FY 2024 We recently closed out our FY 2024 books, and the numbers show we had a big impact providing our city, town, and quasi-public

Pleased to award Emerging Contaminants grant funding to Scituate Public Schools, and the Chariho and Foster public school districts for water treatment upgrades to remove per- and polyfluoroalkyl (PFAS) from their small drinking water systems.

R.I. Infrastructure Bank awards $1.7M to Chariho, Foster, Scituate schools to address PFAS PROVIDENCE – The Rhode Island Infrastructure Bank, which helps provide financing for infrastructure improvements for municipalities, businesses and homeowners, in partnership with the R.I. Department of Health has awarded a total of $1.7 million in emerging contaminants grants for public schools i...

Pleased to assist Mayor Charles Lombardi and the Town of North Providence in securing U.S. Environmental Protection Agency WIIN grant funding o replace lead pipes at no cost to homeowners.

"Martilli noted that the town has upgraded more than 300 home water lines and currently has $416,000 in WIIN funding secured moving forward. He credited the Rhode Island Infrastructure Bank and their professional team for being a major contributor to the success of the town applying for EPA funding."

North Providence shifting approach on lead pipe replacements NORTH PROVIDENCE – The project manager on the town’s lead water pipe upgrade program, Dean Martilli, has departed, and the community is now shifting to a new approach that will

We had a big impact in FY 2024, providing our city, town, and quasi-public partners with over $200 million in low cost financing and grant funding to invest in clean water, drinking water, clean energy, and resilient infrastructure projects.

Today we visited the Town of Westerly to tour the town's recently upgraded pump station and downtown stormwater/resilient infrastructure improvements, both made possible via Municipal Resilience Program Action Grants. Through more than $40 million in low-cost loans and over $1 million in grants, we're proud to partner with Westerly to help the town meet its critical infrastructure needs.

Pleased to support Woonsocket City Hall's Truman Drive Greenway Project, that will create a new linear park and increase green space, via a $2 million Municipal Resilience Program Action Grant.

Two of Woonsocket's major river corridor projects break ground this year WOONSOCKET – Mayor Christopher Beauchamp confirmed that based on the Woonsocket Planning Board’s recommendations at the June 18 meeting, two major city projects are moving forward. Construction is expected to

Pleased to help support this project in Warwick's Oakland Beach neighborhood via a $225,000 Municipal Resilience Program Action Grant to install a bioretention system to reduce flooding and minimize bacterial pollution in Greenwich Bay.

One more summer until Oakland Beach makes a splash - Warwick Beacon By ADAM ZANGARI First announced in 2020, the Oakland Beach Splash Pad project to build the splash pad and an adjoining playground behind Iggy’s is now scheduled for a late October opening. …

We're committed to helping Rhode Island's drinking water suppliers address PFAS and other emerging contaminants that are impacting water quality. Thanks to the Bipartisan Infrastructure Law, we're offering low to no-cost funding for projects that address these emerging contaminants. Learn more: https://bit.ly/emerging-contaminants

This morning we had the opportunity to join the RI League of Cities & Towns "Workshop Wednesday" Zoom meeting to brief our city and town partners about our many programs to help municipalities finance clean water, drinking water, energy efficiency, and resilient infrastructure projects. Thank you to the League for hosting us for an informative conversation!

Our June Infrastructure Bank Update is out with news about infrastructure wins in the FY 2025 state budget, the new RI Renewable Ready program, and more.

Infrastructure Wins In The State Budget Infrastructure Bank Update     Infrastructure Wins In The FY 2025 State Budget The 2024 General Assembly legislative session gaveled to a close on June 14th. Working with Governor McKee, t

Thank you to Governor Dan McKee, Rhode Island House of Representatives, and Rhode Island Senate for including these important infrastructure investments in the FY 2025 state budget:

✔️$3 million for the Municipal Infrastructure Grant Program to support our cities and towns as they invest in infrastructure projects.

✔️$10 million for Municipal Resilience Program Action Grants to support our cities and towns as they invest in resilient infrastructure solutions. (Part of the Green Bond on the November 2024 ballot)

✔️$4 million for municipal infrastructure to support the development of affordable housing. (Part of the Housing Bond on the November 2024 ballot)

Come work at the intersection of finance, policy, and green banking as a Business Development Analyst at RI Infrastructure Bank! Cover letters and resumes to [email protected]. https://www.riib.org/about/careers/

Our May Infrastructure Bank Update is out with news about celebrating Infrastructure Week 2024, $26 million in funding for Providence Water's lead pipe replacement program, and more: https://conta.cc/4bG8Sng

Governor Dan McKee and RI Infrastructure Bank are committed to accelerating investments in resilience projects that prepare our cities and towns for the impacts of climate change. The 2024 Municipal Resilience Program Action Grants RFP is now open. Applications are due by July 26th at noon. Click here for more information and to apply: https://www.riib.org/work-with-us/request-for-proposals/

Pleased to support City of Central Falls, RI revitalization efforts via a $147,795 Municipal Resilience Program Action Grant for the Dexter Street Stormwater Resiliency Project.

Dexter Street Plaza getting a $150,000 facelift CENTRAL FALLS – A drive up Broad Street and Dexter Street last Saturday night found outdoor restaurant spaces filled with food, music, and laughter.

Today, we joined with Senator Jack Reed, Senator Sheldon Whitehouse, Providence Mayor Brett Smiley, and other elected leaders to celebrate $26 million in Bipartisan Infrastructure Law funding for Providence Water's accelerated lead service line replacement program. Via our Drinking Water State Revolving Fund, we're proud to help water suppliers invest in the critical infrastructure that delivers safe drinking water to Rhode Island's communities, residents, and businesses.

“Our CSO project would not have been possible without the low-cost financing provided by the Rhode Island Infrastructure Bank,” said Narragansett Bay Commission Executive Director Laurie Horridge, Esq. “We thank the Bank for their decades-long partnership and for this latest $41 million Clean Water State Revolving Fund financing for CSO Phase III work, and other upgrades to our system infrastructure.”

Infrastructure Bank finances latest Narragansett Bay Commission project - EastBayRI.com PROVIDENCE — Rhode Island Infrastructure Bank announced on Monday, May 20, it had issued a $41,630,000 Clean Water State Revolving Fund bond, with $5,200,000 in principal forgiveness stemming …

We wrapped up a great Infrastructure Week with a visit to the Watchemoket Square District in the City of East Providence - Office of the Mayor, where a $200,000 Municipal Infrastructure Grant Program award is allowing the city to build a new parking lot to support the district's growth.

Yesterday afternoon we had the opportunity to tour the Narragansett Bay Commission's Combined Sewer Overflow Phase III construction site as part of Infrastructure Week. CSO Phase III is a 2.2-mile long, 30-foot diameter tunnel running underneath Pawtucket and Central Falls that is expected to reduce overflow volumes by 98% and treat stormwater before it flows into Narragansett Bay.

Over the last 32 years, Rhode Island Infrastructure Bank has provided more than $900 million in Clean Water State Revolving Fund financing for Narragansett Bay Commission infrastructure investments, including the completion of Phase I and Phase II of the CSO project, diverting more than 1 billion gallons of combined water and wastewater that would have otherwise gone straight into Narragansett Bay, and is now treated at their Field's Point Wastewater Treatment Facility. The project has helped to dramatically improve the health of Narragansett Bay.

As part of Infrastructure Week, today we had the opportunity to tour the East Greenwich Wastewater Treatment Facility. Thanks to low-cost financing from our Clean Water State Revolving Fund, the plant has invested in resilience improvements and treatment process upgrades. Over the past 20 years, we're proud to have helped the Town of East Greenwich RI invest in their critical infrastructure by providing more than $50 million in loans and grants for clean water, road work, and municipal resilience projects.

During Infrastructure Week 2024 we're highlighting our work helping RI's cities and towns invest in their critical infrastructure assets. Since our inception, we've financed over $1.75 billion in clean water projects, $750 million in drinking water projects, and nearly $16 million in municipal resilience projects across Rhode Island.

May 13-17 is Infrastructure Week 2024 and an opportunity to highlight the need to invest in Rhode Island and our nation's critical infrastructure. All this week we'll be touring projects across the state to spotlight how clean water, drinking water, road and bridge, clean energy, and municipal resilience infrastructure investments are making a big difference for our communities, environment, and economy.