$1,000,000.00 awarded for innovative finance and asset concession (IFAC) to louisiana department of transportation & development

The Department of Transportation awarded a one million dollar cooperative agreement to Louisiana Department of Transportation and Development on November 2, 2026, under the Asset Concessions and Innovative Finance Assistance program (CFDA 20.945).

The recipient will conduct an asset scan and evaluation of its project pipeline and existing assets, including general asset inventory, condition assessment, risk evaluation, market analysis, and environmental review. Deliverables include a work plan, quarterly reports, project deliverables, and compliance documentation under 2 CFR 200. The work benefits Louisiana statewide residents.

Performance is scheduled from November 2, 2026, through November 1, 2029, with all work performed in Louisiana. The full one million dollars has been obligated.

Activities to be performed: asset scan and evaluation of project pipeline and existing assets by general asset inventory, condition assessment and risk evaluation, markey analysis, environment review, report and recommendations. Deliverables/expected outcomes: work plan, quarterly reports, project deliverables and 2 CFR 200 compliance. Beneficiaries: louisiana statewide residents.