Award of $852,280.00 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 City of Indianapolis has been awarded a $852,280.00 Cooperative Agreement from the U.S. Department of Transportation's Asset Concessions and Innovative Finance Assistance program (CFDA 20.945). The objective of this three-year award, effective January 2, 2025, is to facilitate and evaluate public-private partnerships in which the private sector could assume a greater role in transportation infrastructure project planning, development, financing, construction, maintenance, and operation. Key activities include conducting an asset scan along existing and planned bus rapid transit (BRT) routes to identify transit-oriented development opportunities, with deliverables including an asset concession report, quarterly reports, and other project-related outcomes. The intended beneficiaries are commuters and residents of Indianapolis.

Activities

Asset scan along existing and planned BRT routes to identify transit-oriented development opportunities. Deliverables/expected outcomes: asset concession report, quarterly reports, and deliverables.

Intended beneficiaries

Commuters and residents of indianapolis.