PROVIDENCE, R.I. – Rhode Island Infrastructure Bank, the state’s central hub for financing infrastructure improvements for municipalities, businesses, and homeowners has closed on a $218,665 Clean Water State Revolving Fund (CWSRF) loan, with 20% principal forgiveness (i.e. a grant) to the Tiverton Wastewater District for an update to the district’s facility plan for future sewer improvements. Updated facility plans are a prerequisite to receive project financing through the Clean Water State Revolving Fund.
“Wastewater systems need to be continually maintained and upgraded, and this $218,000 loan will allow the Tiverton Wastewater District to develop plans for infrastructure improvements,”