Award of $996,715.50 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,…

This $996,715.50 Cooperative Agreement award from the Department of Transportation's Immediate Office of the Secretary under the Asset Concessions and Innovative Finance Assistance program (CFDA 20.945) is intended to facilitate and evaluate public-private partnerships in the Denver region. The objective is to assist the Denver Regional Council of Governments (DRCOG) in building capacity to identify underutilized transportation assets that could benefit from greater private sector involvement in planning, financing, construction, and operations, including through asset concession agreements. Key activities include conducting feasibility analyses, transaction support, and capacity-building to help DRCOG and its regional partners explore innovative financing strategies and public-private partnership opportunities to advance bus rapid transit implementation. Deliverables include an asset concession report, quarterly progress reports, and other project-related outcomes intended to benefit Denver-area commuters.

Activities

Advancing bus rapid transit implementation in the denver region through innovative partnerships. Deliverables/expected outcomes: asset concession report, quarterly reports, and deliverables.

Intended beneficiaries

Denver commuters