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Innovative Finance and Asset Concessions Grant Program

Open Date:

Fall 2023

Close Date:

Upcoming Milestones:

Eligible Recipients:

  • Local Government
  • Native/Tribal Entity
  • State Government

Program Purpose:

  • Transportation Infrastructure

Reserved for Energy
Communities?

No

Bureau/Office

Office of the Under Secretary for Policy

Funded by:

U.S. Department of Transportation

Overview

The purpose of this notice is to solicit applications for the Innovative Finance and Asset Concession Grant Program (IFACGP or the Program). Up to $38.86 million will be awarded on a competitive basis 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.

Eligible applicants for this Program are 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.

Related Resources

Additional information is available on the Resources page.

Funding Details

Funding Source:
Funding Type:
Grant - no match
Total Amount Available:
$38800000.00
Limit per Applicant:
$2,000,000
Estimated Awards:

Applicant Guidance

Contact Information

Alexander T Bond

Grantor

202-366-2414

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