NewsRadio 920 WHJJ and the Associated Press
PROVIDENCE, R.I. (AP) — Gubernatorial candidate and Providence Mayor Angel Taveras has announced a plan to address the state's aging infrastructure.
Taveras said Wednesday he would create an Infrastructure Trust to provide low- or no-interest loans to Rhode Island municipalities for road and bridge repairs. It would be funded through a $100 million bond and $40 million a year from the state found through "budget discipline." He says it would fund $800 million in projects over 15 years.
The mayor also said he would encourage public-private partnerships to rebuild infrastructure. He says investing in road, bridge, school and municipal building repairs will put people back to work.
Treasurer Gina Raimondo has proposed a similar infrastructure bank.
Taveras is running against Raimondo and political newcomer Clay Pell in the September primary.