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 City of Tampa received a $1,000,000 Cooperative Agreement awarded on July 28, 2025, by the U.S. Department of Transportation's Immediate Office of the Secretary under the Asset Concessions and Innovative Finance Assistance (IFAC) program (CFDA 20.945). The agreement, which extends through July 27, 2028, supports the city's efforts to facilitate and evaluate public-private partnerships for transportation infrastructure projects in the Tampa, Florida area. Under this award, the city will procure expert services to enhance its technical capacity to identify underutilized transportation assets and develop strategies for private sector involvement in project planning, development, financing, construction, maintenance, and operation.

The primary deliverables include an asset concession report, quarterly progress reports, and related project documentation. The city will leverage these expert services to conduct feasibility analyses, perform asset evaluations, develop value-for-money analyses, assess project risks, and provide transaction support for potential asset concessions. The intended beneficiaries of this initiative are Tampa residents and commuters who will benefit from enhanced transportation infrastructure development and management through innovative financing mechanisms and strategic public-private collaborations.

Activities

Tampa ifacgp financing and asset concessions. Expected outcomes/deliverables: asset concession report, quarterly reports, and deliverables.

Intended beneficiaries

Residents and commuters of tampa