Woonsocket saves on infrastructure bond refinancing

Jeffrey Diehl, executive director and CEO of the Rhode Island Infrastructure Bank (RIIB), presents a check for $599,359 to Woonsocket city officials on Thursday, Oct. 7, to signify the city's savings as a result of recent bond refinancing by the RIIB. Most of those savings were associated with $36 million in upgrades at the Woonsocket Regional Wastewater Treatment Facility that the RIIB financed in 2014. The check also represents savings associated with the new water treatment plant on Jillson Avenue. "This is just a feather in the cap here, and we have a lot more to go," Public Works Director Steven D'Agostino said about the wastewater treatment upgrades. Pictured from left are Diehl, D'Agostino, city Finance Director Christine Chamberland and Mayor Lisa Baldelli-Hunt.

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