DOT opens $38M for Innovative Finance and Asset Concessions Grant Program
Eligible applicants: Public Entities. Applications are due September 27, 2023
Announcement Type: Grants Notice
Opportunity: Innovative Finance and Asset Concessions Grant Program
Overview and Eligible Uses: The purpose of this notice is to solicit applications for the Innovative Finance and Asset Concession Grant Program (IFACGP or the Program). The purpose is to assist eligible public entities in facilitating and evaluating public-private partnerships and exploring opportunities for innovative financing and delivery for eligible transportation infrastructure projects, including highway, transit, passenger rail, certain freight facilities, certain port projects, rural infrastructure projects, airports, and transit-oriented development projects.
Amount: Up to $38.86 million will be awarded
Award Type: Competitive Grants
Eligible Applicants: public entities that own, control, or maintain assets that could be developed into enhanced assets. Eligible assets are those activities that would reasonably be deemed eligible to receive a Transportation Infrastructure Finance and Innovation Act (TIFIA) loan through the Bureau.
Key Dates: Applications are due September 27, 2023
Key Links:
For a full list of currently available grant programs under the Infrastructure Law and other helpful tools, take a look at our Helpful Resources page.
This tracker will continue to send updates when new funding opportunities are announced.