What’s in the Green Bond?

This year’s Green Bond would allocate $53 million to 9 projects, including:

Quonset’s Port of Davisville – $15 million to support the continued growth and modernization of Rhode Island’s only public port. The investment will finance new berthing space and prepare the port to serve as a key offshore wind hub for the North Atlantic and play a critical role in delivering clean energy to homes across the Northeast.

Climate Resiliency – $2 million to restore and/or improve the climate resilience of vulnerable coastal habitats and to restore river and stream floodplains.

Brownfields Remediation - $5 million for the cleanup of former industrial or commercial “brownfield” sites that may be contaminated by hazardous waste or other environmental pollution.

Local Recreation Projects – $5 million to municipalities to develop or rehabilitate local public recreational facilities such as parks, playgrounds, and athletic fields; or to acquire land for public recreational facilities.

Municipal Resilience Program – $10 million administered by RI Infrastructure Bank (RIIB) to help local communities restore and the improve resilience of vulnerable coastal habitats, river and stream floodplains, and infrastructure.

Newport Cliff Walk - $3 million to restore pedestrian access along the Newport Cliff Walk.

Agricultural Land Preservation – $5 million for the State to help protect Rhode Island’s working farms.

Open Space Program – $3 million to acquire fee simple interest or conservation easements to open space, farmland, watershed, and recreation lands.

Forests and Habitat Management – $5 million for projects related to the maintenance of forests, wildlife habitat, and related infrastructure on State properties, such as management areas.