Asset Concessions and Innovative Finance Assistance


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.

General information about this opportunity
Last Known Status
Program Number
Federal Agency/Office
Office of The Secretary, Department of Transportation
Type(s) of Assistance Offered
B - Project Grants
Program Accomplishments
Not applicable.
Pub. Law 117-58, Title Infrastructure Investment and Jobs Act, Section 71001
Who is eligible to apply/benefit from this assistance?
Applicant Eligibility
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.
Beneficiary Eligibility
Not applicable.
Not applicable.
What is the process for applying and being award this assistance?
Pre-Application Procedure
Preapplication coordination is not applicable.
Application Procedure
This program is excluded from coverage under 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.
Award Procedure
Following the evaluation outlined in Section E, the Secretary will announce awarded applications by posted a list of selected recipients at The posting of the list of selected award recipients will not constitute an authorization to begin performance. Following the announcement, the Department will contact the point of contact listed in the SF-424 to initiate negotiation of a grant agreement. The Department will also provide additional technical assistance and support resources to first-time U.S. DOT funding recipients and those who request additional support, as appropriate. The Bureau will notify applicants who are not selected for an award based on the evaluation criteria and other consideration within 30 calendar days of the Department's final decisions on selections and offer a written or telephonic debrief to provide an explanation of, and guidance regarding, the reasons why the application was not approved.
Contact the headquarters or regional location, as appropriate for application deadlines
Approval/Disapproval Decision Time
From 90 to 120 days.
Not applicable.
Not applicable.
How are proposals selected?
i. Technical Merit Criterion #1: Identification of Need. The application provides a thorough description of the applicant's need for expert services to enhance its technical capacity to facilitate and evaluate opportunities in which the private sector could assume a greater role in project planning, development, financing, construction, maintenance, and/or operation. ii. Technical Merit Criterion #2: Strategy. The application provides a well-defined strategy on how Program funds will be used to build organizational capacity or leverage public and private funding in connection with the development of at least one early-stage infrastructure project. iii. Technical Merit Criterion #3: Benefits. The application contains defined goals and presents reasonable proposals for the procurement of expert services to support them. vi. Project Readiness Criterion #1: Feasibility of Workplan. The application clearly describes a thorough and realistic workplan and procurement timeline and demonstrates the applicant has the ability to complete the project in the proposed period of performance. vii. Project Readiness Criterion #2: Budget Plan. The application provides a reasonable and credible Budget Plan that corresponds to the proposed scope of the Grant Plan. If any eligible personnel costs are included in the budget, a full breakdown of the costs are provided. viii. Project Readiness Criterion #3: Leadership and Qualifications. The application demonstrates the applicant's ability to carry out the proposed scope of work based on relevant and necessary expertise and its capability to oversee and manage the procurement and management of expert services under the Program.
How may assistance be used?
i. Identifying appropriate assets or projects for asset concessions; ii. Evaluating and publicly presenting the risks and benefits of all contract provisions for the purpose of transparency and accountability; iii. Identifying best practices to protect the public interest and priorities; iv. Identifying best practices for managing transportation demand and mobility along a corridor, including through provisions of the asset concession, to facilitate transportation demand management strategies; v. Soliciting and negotiating asset concessions, including hiring staff in public agencies; vi. Conducting value-for-money analysis or comparable analysis; vii. Evaluating options for the structure and use of asset concession payments; viii. Integrating and coordinating pricing, data, and fare collection with other regional operators that exist or may be developed. ix. Project planning and design; x. Feasibility studies; xi. Revenue forecasting, xii. Economic assessments, cost-benefit analyses, value-for-money analyses; xiii. Public benefit studies; xiv. Business case development; xv. Risk assessments; xvi. Lifecycle cost analyses, financing and funding options analyses, procurement alternatives analyses; xvii. Statutory and regulatory framework analyses; xviii. Pre-procurement and pre-construction activities; xix. Financial and legal planning (including the identification of statutory authorization, funding, and financing options); xx. Early assessment of permitting, environmental review, and regulatory processes and costs; and xxi. Assistance with entering into an asset concession.
What are the requirements after being awarded this opportunity?
Performance Reports: Each applicant selected for grant funding must collect and report to the Department performance information on the advisory services received. The specific performance information and reporting period will be determined on an individual basis and communicated at the kickoff meeting of the grant. It is anticipated that the Department and the grant recipient will hold quarterly progress meetings or calls during which the Department will review project activities, schedule, and progress toward mutually agreed upon performance targets.
Not applicable.
Not applicable.
Other Assistance Considerations
Formula and Matching Requirements
Statutory Formula: Title 23 Chapter 611 Part e Subpart 2 Public Law 117-58

Matching requirements are not applicable to this assistance listing.

MOE requirements are not applicable to this assistance listing.
Length and Time Phasing of Assistance
The Department expects to obligate IFACGP award funding via a signed grant agreement between U.S. DOT and the recipient, as flexibly and expeditiously as possible, within 6 months after project selections have been announced. The expected period of performance for a Technical Assistance grant or Expert Services grant is up to 36 months from the date of obligation (date grant agreement is signed). Method of awarding/releasing assistance: Quarterly.
Who do I contact about this opportunity?
Regional or Local Office
None/Not specified.
Headquarters Office
Alexander Bond
1200 New Jersey Ave SE
Phone: 2023662414

Roger Bohnert
1200 New Jersey Avenue, SE
Washington , DC 20590 US
Phone: 2023662300
Website Address
Financial Information
Account Identification
(Project Grants (Discretionary)) FY 22$20,000,000.00; FY 23 est $20,000,000.00; FY 24 est $20,000,000.00; - Authorized for $20 million annually through 2026
Range and Average of Financial Assistance
The maximum award amount is $2 million. Grants up to $1 million are offered at 100% federal share (no non-federal match required), with an additional $1 million available at 50% federal share. Each grant is anticipated to be $1 million to $2 million. Approximately 30 grants will be awarded.
Regulations, Guidelines and Literature
Not applicable.
Examples of Funded Projects
Not applicable.


Federal Grants Resources