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Committee approves resolution authorizing up to $20 million in water revenue bonds for main replacements
Summary
The finance committee approved a resolution authorizing Providence Water to issue water revenue bonds and notes not to exceed $20 million to finance two water-main replacement projects, including one roughly 11.38 miles in scope and another 5.3-mile project in South Providence.
The Providence City Committee on Finance voted Jan. 23 to approve a resolution authorizing Providence Water (the city’s water enterprise) to finance up to $20 million in water revenue bonds for two major water-main replacement projects.
A city representative described two principal projects: an approximately 11.38-mile replacement using…
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