Infrastructure

DALLAS — The Louisiana State Bond Commission gave its go-ahead on Thursday to the third segment in a series of variable-rate fuel tax bonds that will provide a total of $485 million in proceeds this year to a constitutionally mandated road and bridge program.

The Massachusetts Turnpike Authority yesterday approved Jeffrey Mullan as executive director while it waits to see if the state will avert scheduled July 1 toll hikes with a $100 million bailout.

Portsmouth expects to sell $12 million of general obligation refunding bonds next Wednesday.

The New York State Thruway Authority approved two state-backed tax-exempt bond deals totaling $716 million at its board meeting yesterday.

Long Island Rail Road president Helena Williams will take over as interim executive director and chief executive officer New York’s Metropolitan Transportation Authority, pending board approval, the MTA announced Thursday.

BRADENTON, Fla. - The recession and collapse of the credit markets have forced the Mississippi Department of Transportation to push back the procurement schedule for its first public-private partnership - a new 12-mile toll road.

BRADENTON, Fla. - The Florida Department of Transportation said yesterday that the agency did not receive bids from any of the six respondents that had shown interest in leasing an existing 78-mile-long toll road known as Alligator Alley.

DALLAS - Amid severe financial pressure on state coffers, the Arizona Transportation Board is preparing to price $440 million of excise-tax-backed revenue bonds for projects, primarily in the Phoenix area.

The Washington Metropolitan Area Transit Authority’s finance committee voted to approve the issuance of $340 million of Metro Matters bonds.

CHICAGO — Chicago would use the $126 million in earnest money, which it received from a private consortium after it failed to raise the financing needed to complete the $2.52 billion lease of Midway Airport, to help balance the budget and repay debt for neighborhood infrastructure, under a plan proposed by Mayor Richard Daley this week.