PROVIDENCE – The Rhode Island Infrastructure Bank recently announced $810,000 in financing for drinking water upgrades at Ponaganset High School in Scituate.
The low-interest loan, with $200,000 in principal forgiveness, comes through the bank’s Drinking Water State Revolving Fund and will be used to pay for a host of upgrades to the high school water system. The loan will pay to demolish an existing water storage tank and pump station and build a new one, as well as upgrades to the water supply piping, the release stated.
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The Drinking Water State Revolving Fund has provided more than $450 million in loans to upgrade state public water systems.
Nancy Lavin is a PBN staff writer. You may reach her at Lavin@PBN.com.
