$1,000,000.00 awarded for innovative finance and asset concession (ifac) to nebraska department of transportation

The Department of Transportation Immediate Office of the Secretary awarded $1 million to Nebraska Department of Transportation for the Asset Concessions and Innovative Finance Assistance program (CFDA 20.945) on October 1, 2026, as a cooperative agreement.

The recipient will conduct a comprehensive project evaluation encompassing project screening, feasibility analysis, financial viability assessment, funding alignment, and private investment potential for transportation infrastructure assets suitable for public-private partnerships. The award funds public outreach and stakeholder engagement to build consensus among key partners, followed by development of implementation strategies, governance recommendations, and an actionable programmatic framework to support successful project delivery and long-term sustainability. Deliverables include a work plan, quarterly reports, project deliverables, and 2 CFR 200 compliance documentation.

The award period of performance runs from October 1, 2026, through September 30, 2029. Work is performed in Nebraska. The program objective is to provide eligible applicants access to expert services to enhance technical capacity to identify underutilized transportation assets with potential for private-sector involvement in planning, development, financing, construction, maintenance, and operation, including asset concessions.

Activities to be performed: perform a comprehensive project evaluation encompassing project screening, feasibility analysis, financial viability assessment, funding alignment, and private investment potential. Conduct public outreach and stakeholder engagement to inform project development and build consensus among key partners. Based on the findings, develop implementation strategies, governance recommendations, and an actionable programmatic framework to support successful project delivery and long-term sustainability. Deliverables/expected outcomes: work plan, quarterly reports, project deliverables and 2 CFR 200 compliance. Beneficiaries: nebraska department of transportation institutional capacity, nebraska interstate and highways commuters.