Award of $717,600.00 with the objective to facilitate and evaluate public-private partnerships in which the private sector partner could assume a greater role in project planning, development,…

The U.S. Department of Transportation awarded a $717,600 Cooperative Agreement under the Asset Concessions and Innovative Finance Assistance program (CFDA 20.945) to the Colorado Department of Personnel & Administration (CDPA). The objective of this award is to facilitate and evaluate public-private partnerships where the private sector could assume a greater role in transportation project planning, development, financing, construction, maintenance, and operation. Key activities to be performed include identifying underutilized properties and providing reports and plans for future innovative financing options to benefit commuters in the Denver, Colorado region. The expected outcomes are to help CDPA build capacity to enter into asset concessions and leverage private sector involvement in transportation infrastructure.

Activities

CO underutilized properties to affordable TOD expected outcomes: identify underutilized properties and provide reports and plans for future innovative financing options.

Intended beneficiaries

Commuters in region of denver colorado