The R.I. Economic Development Corporation Monday night approved issuing bonds to buy the former Interstate 195 land in Providence and dredge the channel leading to the Port of Davisville in North Kingstown, reports pbn.com.
The Port of Davisville offers 4,500 feet (1,400 m) of berthing space, consisting of two Piers (each 1,200 feet (370 m) in length), a bulkhead, 29 ft (8.8 m) channel draft, on-dock rail and a 14-acre (57,000 m2) lay down area.
“With the bond approval, the I-195 Commission now has the financial ability to acquire the land and provide DOT with the ability to initiate the final and critically important phase of the I-Way project – reconnection of city streets and infrastructure,” said Colin P. Kane, chairman of the commission.
The $7.5 million Davisville bond includes dredging the channel leading to the Davisville pier and expanding the port’s capacity.
Dredging Today Staff, June 27, 2012; Image: fstflorian