Award of $1,000,000.00 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 Department of Transportation awarded a $1,000,000 Cooperative Agreement under the Asset Concessions and Innovative Finance Assistance program (CFDA 20.945) to the Department of Transportation Connecticut (CTDOT). The funding is intended to facilitate and evaluate public-private partnerships in which the private sector could assume a greater role in project planning, development, financing, construction, maintenance, and operation, including by assisting CTDOT in entering into asset concessions. Key activities to be performed include the Connecticut TOD Property Prioritization Program and Strategy, with expected deliverables including an Asset Concession Report, Quarterly Reports, and other project-related deliverables. The award has a performance period from January 15, 2025 to January 14, 2028 and will primarily benefit commuters and residents of towns in Connecticut.

Activities

Connecticut TOD property prioritization program and strategy. Deliverables/expected outcomes: asset concession report, quarterly reports, and deliverables.

Intended beneficiaries

Commuters and residents of towns in connecticut.