Gov. David Ige was in New York on Thursday to seek favorable bond ratings that would allow the state to borrow funds at low interest rates.

The Governor’s Office said Ige was pursuing funding for new capital improvement projects. The state is also looking at opportunities to refinance existing bonds, which are expected to save the state between $25 million and $30 million.

Ige and state Director of Finance Wesley Machida met with representatives of Fitch Ratings, Moody’s Investor Service and Standard and Poor’s Rating Services on Thursday.

Today Ige was expected to head to Washington, D.C., to participate in the Winter Meeting of the National Governors Association. The governor also was to meet various federal officials.

Accompanying the governor are his wife, Dawn Amano-Ige, and staff members Elizabeth Kim and Ryan Tsuji.

The cost of the trip is estimated at $16,000.