Bond refinancing saves 5 R.I. municipalities $560K

JEFFREY DIEHL, CEO of the Rhode Island Infrastructure Bank, said: “We don’t see ourselves as just the money guys. Rather, [we] have the capacity to approach the financing in an integrated way and create efficiencies while promoting resilience, energy efficiency, stormwater planning, and the like as a result.” / PBN FILE PHOTO/DAVE HANSEN
PROVIDENCE – The Rhode Island Infrastructure Bank recently refinanced the Drinking Water State Revolving Fund bond, generating a savings of $559,826 for five municipal borrowers, according to the bank. Pawtucket will save $329,048; Providence Water will save $148,118; Woonsocket will save $33,048; Newport will save $25,266; and Bristol County Water will save $23,542, the bank…

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