Innovative Finance and Asset Concessions Grant Program
Agency: 69A345 Office of the Under Secretary for Policy
- 20.945 -- Asset Concessions and Innovative Finance Assistance
Archived opportunityLast Updated: May 13, 2026
View version history on Grants.gov
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
Eligible applicants
Government
- City or township governments
- Special district governments
- State governments
- Federally recognized Native American tribal governments
- County governments
Additional information
Grantor contact information
Description
Documents
| File name | Description | Last updated |
|---|---|---|
| IFACGP_Key_Information_Table_Template.docx | IFACGP Key Information Table Template | Mar 11, 2024 01:52 PM UTC |
| InnovativeFinanceAssetConcession_NOFO_Final.pdf | IFACGP Notice of Funding Opportunity | Mar 11, 2024 01:51 PM UTC |
| Existing_Asset_Information_Template.docx | Existing Asset Information Template | Mar 11, 2024 01:52 PM UTC |
Link to additional information
Archived: June 12, 2024
Award
$57,720,000
Program Funding
45
Expected awards
$--
Award Minimum
$2,000,000
Award Maximum
Funding opportunity number:
DOT-IFACGP-FY2223-01
Cost sharing or matching requirement:
Funding instrument type:
Grant
Cooperative agreement
Opportunity Category:
Discretionary
Opportunity Category Explanation:
Category of Funding Activity:
Transportation
Infrastructure investment and jobs act
Category Explanation:
History
Version:
4
Posted date:
March 8, 2024
Archive date:
June 12, 2024
