CHICAGO — In what is billed as a first-of-its-kind financing vehicle for municipal infrastructure, Chicago Mayor Rahm Emanuel unveiled a new trust program on Thursday that will tap private investment to help fund more than $1 billion worth of projects.

The city has identified $200 million worth of energy-efficiency projects at city facilities and schools to be funded through the Chicago Infrastructure Trust, with anticipated savings of $20 million in the city’s annual $170 million bill for energy consumption.

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