Award of $1,000,000.00 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,…

The U.S. Department of Transportation awarded a 3-year, $1,000,000 Cooperative Agreement under the Asset Concessions and Innovative Finance Assistance program (CFDA 20.945) to the City of Burlington, Vermont's Community & Economic Development Office. The objective is to facilitate and evaluate public-private partnerships where the private sector could take on a greater role in planning, development, financing, construction, maintenance, and operation of transportation assets, including by assisting the City in entering into asset concessions. Key deliverables include an asset concession report, quarterly reports, and other project deliverables. The funding aims to build the City's capacity to identify, evaluate, and implement innovative financing strategies for transportation infrastructure in Burlington's South End neighborhood, benefiting local residents and commuters.

Activities

Expert services for south end coordinated redevelopment. Deliverables/expected outcomes: asset concession report, quarterly reports, and deliverables.

Intended beneficiaries

Residents and commuters of burlington's south end neighborhood.