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 Metropolitan Transportation Authority (MTA) received a $1.0 million cooperative agreement awarded on August 25, 2025, by the Department of Transportation's Immediate Office of the Secretary under the Asset Concessions and Innovative Finance Assistance program (CFDA 20.945). The three-year award, with performance completion scheduled for August 24, 2028, funds expert services to support the evaluation and development of public-private partnership opportunities for the Interborough Express Light Rail project connecting Brooklyn and Queens in New York City. The MTA will leverage these funds to enhance its organizational capacity in identifying, analyzing, and structuring asset concession arrangements that enable private sector participation in project planning, development, financing, construction, maintenance, and operations.

The cooperative agreement requires the MTA to deliver an asset concession report, quarterly progress reports, and related technical deliverables that advance the feasibility and viability of innovative financing structures for the transit project. These services will support activities such as value-for-money analyses, revenue forecasting, risk assessments, business case development, and transaction support necessary to evaluate and execute potential asset concession arrangements. The project will directly benefit commuters and residents throughout the proposed IBX corridor in New York City.

Activities

NY MTA interborough express light rail - innovative finance expert services. Deliverables/expected outcomes: asset concession report, quarterly reports, and deliverables.

Intended beneficiaries

Commuters and residents around the IBX line in NYC, from brooklyn to queens.