Innovative Finance and Asset Concessions Grant Program
Closed Posted
- Opportunity number
- DOT-IFACGP-FY2223-01
- 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, Grant
- Categories
-
- Infrastructure Investment and Jobs Act (IIJA)
- Transportation
- Eligible applicants
-
- City/Township Governments
- Special District Governments
- Tribal Governments (Federally Recognized)
- State Governments
- County Governments
- Full announcement
Opportunity details come from Grants.gov. Updated .
About this opportunity
This notice from the Department of Transportation solicits applications for the Innovative Finance and Asset Concession Grant Program. Eligible applicants include state, local, and Tribal governments that own transportation infrastructure eligible for TIFIA financing and have the legal authority to enter public-private partnerships. Up to $38.86 million in cooperative agreements will be provided to facilitate evaluations of asset concessions and explore innovative financing opportunities for highway, transit, passenger rail, port and airport projects. Applications are due by May 10, 2024 and will be evaluated based on identification of needs, goals, development strategies, work plans, budgets, and applicant capacity. Priority will be given to projects addressing safety, sustainability, equity and workforce development.
Individual awards of up to $2 million will be provided to hire advisors or staff to conduct activities such as asset scans, feasibility analyses, and transaction support within 36 months. The objective of this program is to facilitate access to expert services for, and to provide grants to, eligible applicants to facilitate and evaluate public-private partnerships, including asset concessions, and to explore opportunities for innovative financing of eligible surface transportation infrastructure projects across the United States.
Synopsis
3 versions
Update #3 · Latest ·
Update to award floor -
The purpose of this notice is to solicit applications for the Innovative Finance and Asset Concession Grant Program (IFACGP or the Program). Up to $57.72 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 2022, 2023, and 2024.
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.
Update #2 ·
Updated close date -
The purpose of this notice is to solicit applications for the Innovative Finance and Asset Concession Grant Program (IFACGP or the Program). Up to $57.72 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 2022, 2023, and 2024.
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.
Update #1 ·
Updates to open and close dates -
The purpose of this notice is to solicit applications for the Innovative Finance and Asset Concession Grant Program (IFACGP or the Program). Up to $57.72 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 2022, 2023, and 2024.
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 |
|---|---|---|
| Existing Asset Information Template.docx | DOCX document | |
| IFACGP Key Information Table Template.docx | DOCX document | |
| InnovativeFinanceAssetConcession_NOFO_Final.pdf |
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