Innovative Finance and Asset Concession (IFAC) Grant Program
Closed Posted
- Opportunity number
- DOT-OST-2025-0033
- Agency
-
Federal Aviation Administration
Department of Transportation
- Applications due
- Award size
- $100,000 to $2,000,000
Opportunity facts
- Assistance listings
- Funding instrument
- Cooperative Agreement
- Category
-
- Transportation
- Eligible applicants
-
- County Governments
- Tribal Governments (Federally Recognized)
- Special District Governments
- State Governments
- City/Township Governments
- Full announcement
Opportunity details come from Grants.gov. Updated .
About this opportunity
The Innovative Finance and Asset Concession (IFAC) Grant Program, administered by the Department of Transportation Federal Aviation Administration, seeks to solicit applications for cooperative agreements to assist eligible public entities in facilitating and evaluating public-private partnerships for transportation infrastructure projects. Eligible applicants include county, tribal, state, and city governments that own or control transportation assets such as highways, transit systems, passenger rail, freight facilities, ports, and airports. The program will competitively award funding to support two types of cooperative agreements: Technical Assistance (for building organizational capacity) and Expert Services (for exploring public and private funding strategies). Applications will be evaluated based on technical merit criteria including need identification, development strategy, and potential benefits, as well as project readiness factors such as workplan feasibility, budget credibility, and organizational leadership. The application deadline is October 1, 2025, with submissions to be made through Grants.gov.
The total funding pool for this grant opportunity is $45.98 million, with individual awards ranging up to $2 million and cooperative agreement periods lasting up to 36 months. Grants under $1 million will be funded at 100% federal share, while amounts exceeding $1 million will require a 50% non-federal match. The Department of Transportation aims to finalize grant agreements within 6 months of project selection, with a focus on supporting activities such as feasibility studies, value-for-money analyses, risk assessments, and assistance in developing asset concessions. Funded projects will span fiscal years 2024-2026, targeting transportation infrastructure improvements across various geographical locations and project types.
Synopsis
The purpose of this notice is to solicit applications for the Innovative Finance and Asset Concession (IFAC) Grant Program (the Program). Up to $45.98 million will be awarded on a competitive basis to assist eligible public entities in facilitating and evaluating public-private partnerships and exploring opportunities for innovative financing and delivery for eligible transportation infrastructure projects, including highway, transit, passenger rail, certain freight facilities, certain port projects, rural infrastructure projects, airports, and transit-oriented development projects. This notice will award funding from Fiscal Years 2024, 2025, and 2026.
Eligible applicants for this Program are public entities that own, control, or maintain assets that could be developed into enhanced assets. Eligible assets are those activities that would reasonably be deemed eligible to receive a Transportation Infrastructure Finance and Innovation Act (TIFIA) loan through the Bureau.
Files
| File | Type | Posted |
|---|---|---|
| IFAC Asset Information Table_Template.docx | DOCX document | |
| IFAC Key Information Table_Template.docx | DOCX document | |
| IFAC Grant Program NOFO.pdf | ||
| IFAC Grant Program NOFO_FY24-26.pdf | ||
| IFAC Grant Program NOFO_FY24-26.pdf | ||
| IFAC Grant Program NOFO_FY24-26.pdf |
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