$1,000,000.00 awarded for innovative finance and asset concession (ifac) to the city of kansas city

The Department of Transportation awarded a one million dollar Cooperative Agreement to the City of Kansas City on October 1, 2026, under the Asset Concessions and Innovative Finance Assistance program (CFDA 20.945).

The award funds the city's progressive development of capacity for innovative finance and asset concession activities. Work begins with data collection and analysis, advances through financial modeling and legal review, and concludes with implementation strategies. Deliverables include a work plan, quarterly reports, project deliverables, and documentation of compliance with 2 CFR 200.

The period of performance runs through September 30, 2029. Work is performed in Missouri. The full one million dollars is obligated.

The Asset Concessions and Innovative Finance Assistance program provides grants to eligible state, tribal, and local government entities that own or control transportation facilities, enabling them to acquire expert services to evaluate public-private partnerships and asset concessions. Eligible activities include identifying assets for concession, value-for-money analysis, feasibility studies, revenue forecasting, financial and legal planning, business case development, risk assessment, and assistance with entering into asset concessions.

Activities to be performed: build project capacity progressively, beginning with data collection and analysis, advancing through financial modeling and legal review, and concluding with implementation strategies. Deliverables/expected outcomes: work plan, quarterly reports, project deliverables and 2 CFR 200 compliance. Beneficiaries: the city of kansas city and institutional capacity.