Find Your Funding Opportunity
Innovative Finance and Asset Concessions Grant Program
Service
|
Source |
Final Application Due Date |
Funding Available
|
Match Required
|
|---|---|---|---|---|
| Public & Societal Benefit |
Federal
DOT |
05-10-2024 | $57.7 M | No Match Required |
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Service
-
Source
-
Final Application Due Date
-
Funding Available
-
Match Required
Status
- Expected Number of Awards 45
- Opportunity Type Discretionary
-
CFDA
20.945 -- Asset Concessions and Innovative Finance Assistance
Description
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.
Eligibility
- IHE
- Local Government
- Non-Profit
- Other
- State Government
- Tribal Government
Key Date(s)
- March 08, 2024: Posted Date
- March 11, 2024: Last Updated Date
- May 10, 2024: Current Closing Date for Applications
- May 10, 2024: Application Due Date
- June 12, 2024: Application Archive Date
Contact Information
Maritza Pechin
Innovative Finance and Delivery Lead 202-941-7491