Infrastructure Day

From left to right: North Kingstown Finance Director James Lathrop, town council member Richard Welch, executive director and CEO of RIIB Jeffrey Diehl and town manager Ralph Mollis. Lathrop, Welch and Mollis accepted the savings on behalf of North Kingstown. 

At its annual Legislative Day, the Rhode Island Infrastructure Bank (RIIB) presented $7.8 million in savings to 26 municipalities and utilities. The bank also announced the next round of participants in the Municipal Resilience Program, which includes Bristol, Providence, Woonsocket, Little Compton, Warwick, and regional partnerships from Pawtucket/Central Falls and Newport/Middletown.

Altogether, RIIB announced $7.8 million in savings. Among the municipalities to receive savings was North Kingstown, which saved nearly $150,000 in drinking water bond savings.  

“The Infrastructure Bank is proud to provide these savings to our clients” said Jeffrey R. Diehl, Executive Director and CEO of RIIB. “By providing cash-savings up-front, our clients are able to redeploy capital towards a number of municipal initiatives like improving resiliency and protecting water quality."
 

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