Award of $2,000,000.00 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,…

This $2,000,000 Cooperative Agreement award from the U.S. 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 Michigan, where the private sector could assume a greater role in transportation infrastructure project planning, development, financing, construction, maintenance, and operation.

The key activities and deliverables for this 3-year award include conducting a comprehensive asset concession report, providing quarterly progress reports, and delivering other program objectives. The intended beneficiaries are local communities and residents in Michigan, the Michigan Department of Transportation (MDOT), and the State of Michigan. MDOT, the state government agency responsible for Michigan's transportation infrastructure, is the awarded entity under this Cooperative Agreement.

Activities

Michigan innovative finance asset scan for transportation (MI-fast). Deliverables/expected outcomes: asset concession report, quarterly reports, and deliverables.

Intended beneficiaries

Local communities and residents in michigan, MI DOT, state of michigan.