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.
$40M+
Financed
Conservative estimate across recent MRBRF years; confirm with RIIB
25+
Communities served
Conservative vs published road/bridge community reach
20 yr
Loan terms
Structured to borrower
33%
Rate subsidy
Below market rate
Ready to apply
Eligible projects include capital improvements to roads and bridges, and associated works such as sidewalks. Loans through the MRBRF may be repaid over up to 20 years and can be structured to meet each borrower’s repayment ability.
Not sure this is the right form? Check eligibility or browse all application forms.
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.
Eligible projects include capital improvements to roads and bridges and associated works, such as sidewalks.
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.
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Read storyApplication timing follows RIDOT Project Priority List cycles and RIIB credit review. Use the resources below for forms and RIDOT coordination.
Capital improvements to roads, bridges, and related works (including sidewalks) must align with MRBRF and RIDOT program rules.
Projects are considered based on ranking on the R.I. Department of Transportation Project Priority List, readiness to proceed, credit approval, and fund availability.
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.
RIIB financing application for MRBRF loans. Apply online or download the PDF.
Separate RIDOT priority-list step (not the RIIB financing application).
DOC
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.
Competitive grants for public infrastructure that supports housing, development, and economic growth.
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For more information about the Municipal Road & Bridge Revolving Loan Fund, please contact:
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