Asset Concessions and Innovative Finance Assistance

Objective

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 and delivery for eligible transportation projects.

Who Can Apply

• U.S. State Government (including the District of Columbia)
• U.S. Territory (or Possession) Government (including freely-associated states)
• Federally Recognized Indian/Native American/Alaska Native Tribal Government
• Municipality or Township government (inclusive of cities, towns, boroughs (except in Alaska), and villages)
• County Government (inclusive of boroughs in Alaska, parishes and other governmental entities with geographic regional control and authority)
• Other Local Government Consortium, Regional Organization (Intrastate), or Other Local Government Combination

Eligible applicants for this Program are states, Tribal governments or units of local government, an agency or instrumentality of a state, or a special purpose district or public authority. In addition, to be eligible an applicant must own, control, or maintain at least one transportation facility described in 23 U.S.C. § 601(a). Further, the recipient must be authorized to enter into a contract that transfers ownership, revenues, maintenance, or other benefits associated with eligible transportation assets.

Assistance Types

• Cooperative Agreement

Program Contact

InnovativeFinanceTA@dot.gov
2023662300