GA authorizes up to $200M for Providence Viaduct reconstruction

THE R.I. GENERAL ASSEMBLY passed bills authorizing up to $200 million in GARVEE bonds for the reconstruction of the viaduct that carries !-95 north through downtown Providence. Above, construction on the Providence Viaduct carrying I-95 south. / PBN FILE PHOTO/MICHAEL SALERNO
THE R.I. GENERAL ASSEMBLY passed bills authorizing up to $200 million in GARVEE bonds for the reconstruction of the viaduct that carries !-95 north through downtown Providence. Above, construction on the Providence Viaduct carrying I-95 south. / PBN FILE PHOTO/MICHAEL SALERNO
PROVIDENCE – The R.I. General Assembly over the weekend authorized up to $200 million in Grant Anticipation Revenue Vehicle bonds, or GARVEE bonds, for the reconstruction of the viaduct that carries Interstate 95 north through downtown Providence. The bond money was included in the R.I. House of Representatives’ budget passed on Saturday. GARVEE bonds allow…

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