Rhode Island Infrastructure Bank

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.

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

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.

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.