The City of Philadelphia was awarded a $1,550,000 Cooperative Agreement by the U.S. Department of Transportation's Immediate Office of the Secretary of Transportation under the Asset Concessions and Innovative Finance Assistance program (CFDA 20.945). The objective of this award is to facilitate and evaluate public-private partnerships in which the private sector could assume a greater role in transportation infrastructure planning, development, financing, construction, maintenance, and operation. Specifically, the City of Philadelphia will conduct asset concession planning activities, including preparing an asset concession report, and submitting quarterly reports and other deliverables. The intended beneficiaries of this project are the residents and commuters of Philadelphia.
Generated 2/25/25, 3:03 AM