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 program (CFDA 20.945) to the Capital Metropolitan Transportation Authority (CapMetro) in Austin, Texas. The objective of the award is to facilitate and evaluate public-private partnerships where the private sector could take on a greater role in project planning, development, financing, construction, maintenance, and operation, including assisting CapMetro in entering into asset concessions. The funded activities include the "Unity in Transit: Driving Equitable Development with CapMetro's Public-Private Partnership" project, which will deliver an asset concession report, quarterly reports, and other project deliverables to benefit residents and commuters in the Austin region. The performance period for this award is April 1, 2025 to March 31, 2028.

Activities

Unity in transit: driving equitable development with capmetro?s public-private partnership. Deliverables/expected outcomes: asset concession report, quarterly reports, and deliverables.

Intended beneficiaries

Residents and commuters in austin, capmetro.