PROVIDENCE, R.I. (AP) - Rhode Island's governor has signed off on a $7.5 million plan to dredge the Port of Davisville at Quonset Point that's expected to increase shipping traffic.
The General Assembly gave its formal endorsement to the dredging work earlier this month. Gov. Lincoln Chafee signed the resolutions this week.
The legislation calls on the Rhode Island Economic Development Corp. to issue $7.5 million in bonds to pay for the dredging. The bonds would be repaid with revenue from the port, which is one of the nation's largest handlers of imported automobiles.
State officials say businesses at Davisville already employ more than 1,100 people and could expand if more ships can access the port.