Award of $750,000.00 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 (DOT) Immediate Office of the Secretary awarded a $750,000 Cooperative Agreement to the North Carolina Department of Transportation (NCDOT) Rail Division under the Asset Concessions and Innovative Finance Assistance Program (CFDA 20.945). The objective of the award is to facilitate and evaluate public-private partnerships where the private sector could assume a greater role in transportation infrastructure planning, development, financing, construction, maintenance, and operations, including assisting NCDOT with entering into asset concessions. Key deliverables include an asset concession report, quarterly reports, and other project-related deliverables. The funding will support NCDOT's activities for the NCDOT Gateway Station project, benefiting residents and commuters in Charlotte, North Carolina. The award period is from February 3, 2025 to February 2, 2028.

Activities

NCDOT gateway station. Deliverables/expected outcomes: asset concession report, quarterly reports, and deliverables.

Intended beneficiaries

Residents and commuters in charlotte, city of charlotte, NCDOT.