Interstate Navigation seeks approval to finance construction of new ferry

INTERSTATE NAVIGATION is seeking approval from the R.I. Division of Public Utilities and Carriers to borrow $8.5 million from The Washington Trust Co. to finance the construction of a new fast ferry. The hearing is scheduled for Dec. 28 at 10 a.m. / PBN FILE PHOTO/K. CURTIS
INTERSTATE NAVIGATION is seeking approval from the R.I. Division of Public Utilities and Carriers to borrow $8.5 million from The Washington Trust Co. to finance the construction of a new fast ferry. The hearing is scheduled for Dec. 28 at 10 a.m. / PBN FILE PHOTO/K. CURTIS
WARWICK – The R.I. Division of Public Utilities and Carriers will hold a public hearing Thursday at 10 a.m. at its office, 89 Jefferson Blvd., to hear Interstate Navigation Co.’s request to allow the company to finance the construction of a new fast ferry. According to documents filed at the DPUC, Interstate Navigation, which operates…

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