PROVIDENCE, RI – Rhode Island Infrastructure Bank has closed on a $4 million Municipal Road and Bridge Revolving Fund (MRB) loan for the Town of East Greenwich. The low-cost financing will be used for the construction, rehabilitation, and repair of approximately 12 miles of town roads, as well as sidewalk and drainage facilities work.
“Well-maintained roads are essential to Rhode Island’s communities, businesses, and residents, and we are pleased to provide $4 million in low-cost financing to the Town of East Greenwich so they can more effectively improve and maintain this basic infrastructure,”
“East Greenwich is committed to improving our network of road infrastructure to ensure safe travel for our residents and visitors,”
Paving work will target several major arterial and collector roads townwide, including segments of Frenchtown Road, Middle Road, and South Road.