These bonds would be issued to fund improvements to the Port of Davisville at the Quonset Business Park and the Port of Providence. The State intends to use $50,000,000 to modernize the infrastructure and fund repairs at Quonset’s Port of Davisville, including Pier 2. The investment would modernize Pier 2, which was built in 1956 with a design life of 50 years. Quonset’s Pier 2 handles heavy cargoes like wind turbine components and other large specialty cargoes. The pier is essential to the Port’s automobile import business, which is consistently one of the top ten in North America.

The remaining $20,000,000 would be used to purchase land and fund infrastructure improvements to increase terminal capacity at the Port of Providence. The investment would expand current port operations by acquiring and improving additional land to meet the region’s shipping needs.