The U.S. Environmental Protection Agency (EPA) awarded a $6,578,400 Formula Grant under the Clean Water State Revolving Fund (CFDA #66.458) program to the Rhode Island Infrastructure Bank. This grant provides capitalization funding to support the Bank's Clean Water State Revolving Fund program, which offers low-interest financing to numerous subrecipients for eligible water quality improvement and protection projects throughout the state. The anticipated deliverables include financing, planning, design, and construction of projects such as wastewater treatment facility upgrades, stormwater management systems, and efforts to address emerging contaminants. The expected outcomes are to improve and protect water quality and public health, with the intended beneficiaries being citizens across Rhode Island. The grant period is from October 1, 2024, to October 1, 2031.
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