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Results Chart for Delivery Method and Financing
From Public (Government) Sources to Producers: The public sponsors for the project are the cities of East Providence and Barrington in RI
Credit Enhancements: $10 Million (20%) funded with ARRA Capitalization Grant with $1.5 million principal forgiveness, interest rate of 2.5% over 20 years. $28 Million (55%) funded with RICWF loans at 4.5% interest over 20 years. $13 million (25%) funded with municipal bonds at 7% interest over 30 years (wrap around).
From Other Public Entities: The city of Barrington RI will pay its share, roughly 20% of the operations and maintenance and plant improvements costs