Industries

ALAMEDA, Calif. — Officials in the Los Angeles area say momentum is building behind a plan to accelerate construction of multiple transit projects — a plan that would require as-yet-uncreated forms of federal financial support.

The California Public Employees’ Retirement System announced the acquisition of a 12.7% stake in London Gatwick Airport from Global Infrastructure Partners. The pension fund has committed up to $155 million for the purchase.

DALLAS — Voters in Texas' capital city could decide in November on an $84.8 million general obligation bond package for transportation projects if the Austin City Council adopts the program and schedule proposed by city manager Marc Ott.

WASHINGTON — At least $300 million in funding to the Washington Metropolitan Area Transit Authority for its 2011 fiscal year budget is at risk over a dispute between Northern Virginia municipalities and Gov. Robert F. McDonnell over his request to appoint half of Virginia's share of the WMATA board of directors.

The Dormitory Authority of the State of New York gave final and preliminary approval to six bond transactions totaling more than $245 million at its monthly board meeting Wednesday.

U.S. attorneys last week filed a motion to dismiss the federal lawsuit filed in March by Florida Attorney General Bill McCollum challenging the massive health care reform bill.

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.

Moody’s Investors Service revised to positive from stable its outlook on $87 million of A3-rated debt from Green Bay-based Bellin Memorial Hospital due to improved operating performance.

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.

Barclays Capital announced the addition of two senior members to its public finance health care unit Monday as it continues to grow the one-time Lehman Brothers team.

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.

Here comes the private sector.

The nascent nationwide push for high-speed rail still needs a specific funding plan and a mix of federal, local and private sources are now being explored, U.S. Department of Transportation officials said yesterday.