Treasurer Magaziner, Mayor Fung, Officials to Tour RI Infrastructure Bank Edgewood Highland School Improvements
CRANSTON, RI: Rhode Island General Treasurer Magaziner will join state, city and
school officials at the Edgewood Highland School to tour a school repair project
made possible by a $2.2 million loan from the Rhode Island Infrastructure Bank.
Who: General Treasurer Seth Magaziner; Cranston Mayor Allan Fung; Cranston School
Superintendent Jeannine Nota-Masse; Jeff Diehl, CEO, Rhode Island Infrastructure
Bank
What: Tour of RI Infrastructure Bank school improvements
Where: Edgewood Highland School, 160 Pawtuxet Ave., Cranston, RI
When: Thursday, October 6, 2016 at 10:30 a.m.
***Media Availability/Coverage Invited***
Other confirmed attendees include:
State Senator Joshua Miller
State Representative Robert Lancia
Cranston City Councilor Mario Aceto
Cranston City Councilor Michael Farina
Cranston School Committee Member Jeff Gaile
Representatives from National Grid
About Rhode Island Infrastructure Bank
Spearheaded by Treasurer Magaziner in 2015, the Rhode Island Infrastructure Bank
(RIIB), provided $17.2 million in financing to six communities during its first
round of financing.
Formerly known as the Rhode Island Clean Water Finance Agency, RIIB is a quasi-public
agency which issues tax-exempt, AAA-rated bond securities. The proceeds of the bonds
are used to provide low cost financing to Rhode Island’s municipalities and to finance
sewer and water utilities for infrastructure projects to enhance the waters of the
State. Recently enacted legislation changed the name of the agency and expanded
its mission to establish and finance newly created programs for energy efficiency
and renewable energy projects in public, commercial, and residential properties.
The first round of funding supports a variety of energy efficiency and renewable
energy projects in Pawtucket, Providence, Cranston, West Warwick, Westerly and
Newport; creating and supporting local jobs, while saving local taxpayers more than
$20 million in energy costs.