Rhode Island Infrastructure Bank

"To fix the problem, the City of Providence received a $6 million loan from the Rhode Island Infrastructure Bank to figure out, and then brick, the portions of the sidewalk that need to be repaired."

Sidewalks in this Providence neighborhood are getting a $6M makeover If you've walked down Benefit Street, you know the sidewalks are treacherous. This overhaul is looking to fix them.

WPRI 12 has the story on the $6.2 million Municipal Road & Bridge Fund loan we recently closed on to finance accessibility and historic preservation improvements along the City of Providence's Benefit Street.

‘A meaningful milestone’: Providence announces $6M makeover for Benefit Street Providence will soon begin a new infrastructure project to preserve and protect one of the the city’s most historic roads.

Today we joined with Mayor Brett Smiley, City Council members, and the Mile of History Association to celebrate a $6.2 million Municipal Road & Bridge Fund loan to finance accessibility and historic preservation improvements along Benefit Street in the City of Providence.

Benefit Street is one of Rhode Island’s most iconic thoroughfares, and maintaining its public infrastructure is essential to ensuring it remains an accessible destination for residents and visitors alike. This $6.2 million loan provides the City with the low-cost financing needed to make these sidewalks safe and accessible while protecting the historic streetscape that makes the Mile of History so special.

Our May Infrastructure Bank update is out with news about celebrating , our national leadership in leveraging federal State Revolving Fund dollars, stormwater and resilience investments in Providence and Burrillville, and more.

Celebrating Infrastructure Week 2026 Email from RI Infrastructure Bank Infrastructure Bank Update     Celebrating Infrastructure Week 2026 May 18-26 was National Infrastructure Week and an opportunity to reflect on the need t

A new The Pew Charitable Trusts study finds that we are a national leader in leveraging federal Clean & Drinking Water State Revolving Fund dollars. By leveraging through the municipal bond market, we are able to substantially increase our lending capacity to make more critical , , and stormwater infrastructure projects happen across Rhode Island.

Read the full study here: https://www.pew.org/en/research-and-analysis/issue-briefs/2026/05/states-can-help-upgrade-aging-local-water-infrastructure

It's and an opportunity to reflect on the need to continually invest in our state's and nation's critical infrastructure assets. At the RI Infrastructure Bank we're proud to have provided more than $3.2 billion in low-cost financing for drinking water, wastewater, road & bridge, resilience, clean energy, and energy efficiency projects in all 39 cities and towns across our state. We're also a national leader in leveraging federal Clean & Drinking Water State Revolving Fund dollars to make projects happen.

Today we visited the City of Providence's historic and beautiful Roger Williams Park. Using a $450,000 award from our Municipal Infrastructure Grant Program, the park is building a new Cunliff Lake Boardwalk and fishing dock, while also upgrading existing stormwater management infrastructure. A great example of a project that provides both environmental and public access benefits.

Pleased to play a part in the City of Warwick's work to upgrade public entrances to the iconic Rocky Point Park via a $500,000 award from our Municipal Infrastructure Grant Program.

Federal funds to improve Rocky Point Park entrances The work will be funded with a $4.4 million federal earmark.

Great to participate in Rhode Island Clean Energy Week's panel on funding solutions. Our Business Development Officer Greg Miller shared how our Clean Energy Fund and Commercial Property Assessed Clean Energy (C-PACE) programs are excellent options for financing clean and renewable energy projects.

Pleased to support the installation of rooftop solar panels on the new Maury Loontjens Memorial Library in Narragansett via a $260,000 loan from our Efficient Buildings Fund.

Narragansett library officials laud new solar panel installation The Maury Loontjens Memorial Library is taking a visible step into renewable energy with the installation of a solar energy system that positions the facility as a leader in sustainability