Award of $1,195,800.00 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 U.S. Department of Transportation's Immediate Office of the Secretary awarded a $1,195,800.00 Cooperative Agreement to the Massachusetts Bay Transportation Authority (MBTA) under the Asset Concessions and Innovative Finance Assistance program (CFDA 20.945). The objective of this three-year award, with a performance period from January 2025 to January 2028, is 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 of transportation assets. Specifically, the MBTA will provide technical assistance for the Alewife Station and Garage project in Cambridge, MA, including developing an asset concession report, quarterly reports, and other deliverables. The intended beneficiaries are commuters and residents in the Cambridge area.

Activities

Mbta alewife station and garage technical assistance program. Deliverables/expected outcomes: asset concession report, quarterly reports, and deliverables.

Intended beneficiaries

Commuters and residents in cambridge, MA.