Chicago To Raise More Than $1B For Infrastructure Projects

Law360, New York (March 1, 2012, 7:41 PM EST) -- Through a first-of-its-kind partnership of public, nonprofit and private means, Chicago could attract more than $1 billion in investments to fund infrastructure projects in support of energy efficiency, education, transportation and utilities, Chicago Mayor Rahm Emanuel and former President Bill Clinton announced Thursday.

In what the mayor and ex-president called the first financing trust of its kind in the country, the Chicago Infrastructure Trust plans to raise capital from Citibank NA, Citi Infrastructure Investors, Macquarie Infrastructure and Real Assets Inc., J.P. Morgan Asset Management Infrastructure Investment...
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