Municipal Road & Bridge Revolving Loan Fund (MRBRF)
The Municipal Road and Bridge Revolving Fund (MRBRF) is a program through which local governmental units can access affordable, long-term financing for transportation infrastructure projects.
20 yr
Loan terms
Structured to borrower
33%
Rate subsidy
Below market rate
RIDOT
Priority list
Project ranking
MRBRF
Revolving loans
Roads & bridges
Eligibility
Who can apply
Local governmental units in Rhode Island seeking financing for transportation infrastructure. Borrowers work directly with RIIB and the Rhode Island Department of Transportation (RIDOT) to complete project and financing applications.
Use of funds
Eligible projects include capital improvements to roads and bridges and associated works, such as sidewalks.
Requirements
Projects are awarded financing based on ranking on RIDOT's Project Priority List, readiness to proceed, credit approval, and availability of funds. Loans may be repaid over up to 20 years and can be structured to meet each borrower's repayment ability. Interest is subsidized at 33% below the borrower's market rate.
How it works
Application timing follows RIDOT Project Priority List cycles and RIIB credit review. Use the resources below for forms and RIDOT coordination.
Confirm project eligibility
Capital improvements to roads, bridges, and related works (including sidewalks) must align with MRBRF and RIDOT program rules.
RIDOT Project Priority List
Projects are considered based on ranking on the R.I. Department of Transportation Project Priority List, readiness to proceed, credit approval, and fund availability.
Apply with RIIB and RIDOT
Borrowers work directly with RIIB and RIDOT to complete project and financing applications. RIIB staff can orient you to current fact sheets, policies, and forms.
Additional resources
Client resources / FAQ hubFrequently asked questions
How is MRBRF different from the Municipal Infrastructure Grant Program (MIGP)?
MRBRF provides long-term loan financing for transportation infrastructure (roads, bridges, sidewalks) with subsidized interest. MIGP provides competitive capital grants for a broader range of municipal public infrastructure. Communities may pursue either program depending on project type and funding round availability.
Related programs
Municipal Infrastructure Grant Program (MIGP)
Competitive grants for public infrastructure that supports housing, development, and economic growth.
Contact
Greg Miller
Business Development Officer
For questions about the Municipal Road & Bridge Revolving Loan Fund and municipal financing.
- gmiller@riib.org
- Phone
- (401) 453-4430
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