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's Immediate Office of the Secretary awarded a $1,000,000.00 Cooperative Agreement under the Asset Concessions and Innovative Finance Assistance (CFDA 20.945) program to the Maryland Department of Transportation (MDOT). The objective of this award is to facilitate and evaluate public-private partnerships where the private sector can assume a greater role in transportation infrastructure project planning, development, financing, construction, maintenance, and operation. Specifically, the funding will support an asset scan of the Baltimore region to assist MDOT in exploring innovative financing strategies and asset concession opportunities to spur transit-oriented development. The expected products and deliverables include an asset concession report, quarterly reports, and other project outputs. The performance period for this award is from February 3, 2025 to February 2, 2028.

Activities

Baltimore region asset scan for springboarding transit oriented development through innovative financing. Deliverables/expected outcomes: asset concession report, quarterly reports, and deliverables.

Intended beneficiaries

Residents and commuters in maryland, MD DOT.