Infrastructure

The Port Authority of New York and New Jersey is looking to reserves to provide self-liquidity for its commercial paper program, officials said Tuesday.

Illinois Gov. Pat Quinn and Indiana Gov. Mitch Daniels have signed a memorandum of understanding outlining a partnership on a new expressway linking the two states.

WASHINGTON — State plans for high-speed rail lines are in danger due to a lack of stable funding and underdeveloped federal leadership and guidance, according to a new report by the Government Accountability ­Office.

Fiscally challenged New York has come through with some subsidies for the cash-strapped Metropolitan Transportation Authority, officials said Monday.

The Massachusetts Department of Transportation yesterday approved a $10.3 billion, five-year capital plan along with a $698 million operating budget for fiscal 2011.

Swap Financial Group LLC is making a second bid to become the derivatives adviser for New York’s Metropolitan Transportation Authority, after trimming fees one authority official labeled “usurious.”

The Massachusetts Port Authority last week approved its expected acquisition of the Worcester Regional Airport from the city of Worcester.

WASHINGTON — The executives of United and Continental airlines yesterday assured members of the Senate Commerce, Science, and Transportation Committee that airline service would not be cut if their companies merge.

DALLAS — The winning bidder for Denver’s 23-mile rail line from downtown to Denver International Airport says it can bring the project to completion 11 months earlier than expected and $300 million under budget.

DALLAS — The Louisiana State Bond Commission on Thursday selected an underwriting team for the planned sale of $500 million of fuel tax revenue bonds to finance a constitutionally mandated road and bridge construction program.