Award of $1,550,000.00 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 $1,550,000 Cooperative Agreement awarded by the U.S. Department of Transportation under the Asset Concessions and Innovative Finance Assistance program (CFDA 20.945) is intended to facilitate and evaluate public-private partnerships in Philadelphia where the private sector could take on a greater role in transportation infrastructure planning, financing, construction, maintenance, and operations.

The primary activities to be performed under this award include providing expert services to the City of Philadelphia to identify underutilized transportation assets that could potentially be developed through asset concessions, conducting feasibility analyses and value-for-money assessments, and building the city's organizational capacity to enter into and manage such public-private partnerships. The expected deliverables include an asset concession report, quarterly progress reports, and other project-related outcomes intended to benefit Philadelphia residents and commuters. The period of performance for this award is from January 2025 through January 2028.

Activities

Philadelphia advancing multimodal transportation through asset concession planning. Deliverables/expected outcomes: asset concession report, quarterly reports, and deliverables.

Intended beneficiaries

Residents and commuters of philadelphia.