Investing in success at Port of Davisville

In her recent State of the State address Governor Gina Raimondo said “First class jobs go to places with first class infrastructure.” We could not agree more. Here at the Quonset Business Park our world class infrastructure is why we, along with the Port of Davisville, have been key drivers of economic and job growth for Rhode Island for many years.

Recognizing the need to invest in the Port of Davisville’s success, Governor Raimondo introduced a $90 million bond proposal in her state budget last month to upgrade Pier 2 at the Port of Davisville. Built in 1956, the pier had a design life of 50 years. The proposal includes a $70 million general obligation bond to modernize and reconstruct the pier for another half century. The remainder of the project would be funded with a $20 million revenue bond, which will be financed by port users and QDC revenues, at no expense to taxpayers. The investment would solidify Davisville’s position as the premiere marine commercial gateway to New England by adding an additional 50 years to the pier’s useful life. Most importantly, it would preserve hundreds of jobs in the maritime sector, create 875 construction jobs and keep Rhode Island competitive with other ports in the region.

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