Award of $991,269.00 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,…

This $991,269 Cooperative Agreement award, provided by the U.S. Department of Transportation's Immediate Office of the Secretary under the Asset Concessions and Innovative Finance Assistance program (CFDA 20.945), aims to facilitate and evaluate public-private partnerships in which the private sector could assume a greater role in the planning, development, financing, construction, maintenance, and operation of transportation assets in the City of Mount Vernon, NY. The funding will support expert services and capacity building for the city to identify underutilized transportation assets, evaluate opportunities for private sector involvement, and assist in entering into asset concession agreements. Key deliverables include an asset concession report, quarterly reports, and other project outputs. The period of performance for this award is from April 14, 2025 to April 13, 2028.

Activities

Targeting mount vernon's transit-oriented assets. Deliverables and expected outcomes: asset concession report, quarterly reports, and deliverables.

Intended beneficiaries

Residents and commuters of the city of mount vernon, NY.