BOSTON — Massachusetts Gov. Deval Patrick filed a $1.5 billion bond bill authorizing the state's first infrastructure bank to leverage private investments, featuring $200 million for Chapter 90 funding for local road and bridge projects, and allocating $311 million for the state’s rail and transit systems, reported the Malden Observer.

The governor envisions an infrastructure bank that would make loans for energy, transportation and municipal development projects to leverage private investment and create jobs.

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