Innovative Finance and Asset Concessions Grant Program
ID: 349860Type: Posted
Overview

Buyer

69A345 Office of the Under Secretary for Policy (DOT-DOT X-50)

Award Range

$0 - $2M

Eligible Applicants

Federally Recognized Native American Tribal Governments

Funding Category

Transportation

Funding Instrument

Grant

Opportunity Category

Discretionary

Cost Sharing or Matching Requirement

Yes

Original Source

https://grants.gov/search-results-detail/349860

Additional Information

https://www.transportation.gov/buildamerica/innovativefinancegrants
Timeline
    Description

    The Office of the Under Secretary for Policy at the Department of Transportation is soliciting applications for the Innovative Finance and Asset Concessions Grant Program (IFACGP), which aims to enhance public-private partnerships in transportation infrastructure projects. This program will award up to $57.72 million in grants to eligible public entities, specifically Federally Recognized Native American Tribal Governments, to facilitate innovative financing and delivery methods for existing transportation assets, including highways, transit systems, and airports. The grants are designed to align with USDOT’s strategic goals of safety, equity, climate resilience, and job creation, particularly benefiting historically disadvantaged communities. Interested applicants must submit their proposals electronically by May 10, 2024, with individual grants capped at $2 million, and can contact Maritza Pechin at maritza.pechin@dot.gov for further information.

    Point(s) of Contact
    maritza.pechin@dot.gov
    Files
    Title
    Posted
    Existing Asset Information Template.docx
    Existing.bin
    IFACGP Key Information Table Template.docx
    IFACGP.bin
    InnovativeFinanceAssetConcession_NOFO_Final.pdf
    The Department of Transportation's Innovative Finance and Asset Concession Grant Program (IFACGP) solicits applications for up to $57.72 million to enhance public-private partnerships (PPP) in transportation projects. The grants target public entities owning or managing existing transportation assets, empowering them to improve these assets using innovative financing methods. Eligible entities can apply for either Technical Assistance Grants for organizational capacity building or Expert Services Grants for specific asset development. Funded projects are expected to align with USDOT’s strategic goals of safety, equity, climate resilience, and job creation, while also benefiting historically disadvantaged communities. Applications must be submitted electronically by May 10, 2024, with financial assistance capped at $2 million per agreement. Additionally, up to 50% non-federal matching funds may be required for larger cooperative agreements. The application process emphasizes clarity in identifying needs, desired outcomes, and the readiness to implement proposed activities within a 36-month period, all while ensuring compliance with federal regulations, including civil rights requirements. The program ultimately aims to foster effective transportation infrastructure improvements through public and private sector collaboration, adhering to broader governmental priorities on equity and sustainability.
    Similar Opportunities
    FY 2026 National Infrastructure Investments
    69A345 Office of the Under Secretary for Policy
    The Office of the Under Secretary for Policy at the Department of Transportation (DOT) is soliciting applications for the FY 2026 Better Utilizing Investments to Leverage Development (BUILD) Grant Program, which aims to fund surface transportation infrastructure projects with significant local or regional impact. Eligible applicants include states, local governments, public agencies, Indian Tribes, and transit agencies, with projects required to enhance safety, sustainability, quality of life, mobility, economic competitiveness, and infrastructure repair. The program allocates a total of $1.5 billion in competitive grants, with individual awards ranging from $1 million to $25 million, and applications must be submitted by 5:00 PM Eastern on February 24, 2026. For further information, applicants can contact Andrea Jacobson at BUILDgrants@dot.gov or visit the program website at https://www.transportation.gov/BUILDgrants.
    2023-2026 Accelerated Innovation Deployment (AID) Demonstration
    DOT Federal Highway Administration
    The U.S. Department of Transportation's Federal Highway Administration (FHWA) is offering the 2023-2026 Accelerated Innovation Deployment (AID) Demonstration Grants to support innovative technologies in highway transportation. This funding opportunity aims to enhance the planning, construction, and delivery of transportation solutions, with a focus on projects that improve safety, efficiency, and sustainability while addressing climate change and promoting equitable access. Eligible applicants include state departments of transportation, federal land management agencies, and tribal governments, with grants ranging from $100,000 to $1 million available for projects with a Technology Readiness Level (TRL) of 7 or greater. Interested parties must submit a notice of intent by December 12, 2023, and complete applications by January 23, 2024, with a total estimated program funding of $47.5 million over the four fiscal years. For further details, applicants can contact Fawn Thompson at fawn.thompson@dot.gov or call 404-895-6229.
    FY24-25 Federal-State Partnership for Intercity Passenger Rail Grant Program - National
    DOT - Federal Railroad Administration
    The Department of Transportation's Federal Railroad Administration (FRA) has announced the FY24-25 Federal-State Partnership for Intercity Passenger Rail Grant Program, offering up to $5,070,784,989 to enhance intercity passenger rail services across the United States, excluding the Northeast Corridor. This grant program aims to improve safety, reduce maintenance backlogs, and expand or establish new rail services, with eligible applicants including states, groups of states, public agencies, Amtrak, and federally recognized Indian Tribes, among others. Applicants must provide a non-Federal share of at least 20 percent and submit detailed project narratives, budgets, and compliance documentation by the deadline of January 7, 2026. For further information, applicants can contact the Grants.gov Customer Support at support@grants.gov or call 1-800-518-4726.
    FY 2026 Notice of Funding Opportunity: Infrastructure Investment and Jobs Act (IIJA) Airport Terminal Program (ATP) Grants
    DOT Federal Aviation Administration
    The Department of Transportation's Federal Aviation Administration (FAA) is offering approximately $1 billion in competitive grants for the Airport Terminal Program (ATP) under the Infrastructure Investment and Jobs Act (IIJA) for fiscal year 2026. The ATP aims to provide funding for airport terminal and airport-owned Airport Traffic Control Tower development projects, specifically targeting the modernization of aging infrastructure at eligible airports. This funding opportunity is crucial for enhancing the operational efficiency and safety of the nation's airports, which are vital for transportation and economic activity. Interested applicants, including public agencies, private entities, and state agencies owning public-use airports, must submit their applications by 5:00 PM Eastern Time on January 15, 2026, to be considered for funding. For more information, applicants can visit the FAA's website or contact the appropriate Regional Office.
    TEST FORECAST
    DOT Federal Highway Administration
    The Department of Transportation's Federal Highway Administration is forecasting a grant opportunity titled "TEST FORECAST" aimed at supporting transportation-related initiatives. This discretionary grant does not require cost sharing or matching and is specifically available to state governments, with a focus on enhancing transportation infrastructure and services. The funding, categorized under CFDA number 20.200, is anticipated for the fiscal year 2024, and interested applicants can reach out to the Agreement Officer at agreement.officer@dot.gov or by phone at 202-366-0000 for further details.
    FY26 National Network Cooperative Agreement to the National Railroad Passenger Corporation
    DOT - Federal Railroad Administration
    The Department of Transportation's Federal Railroad Administration is offering a cooperative agreement for the FY26 National Network Cooperative Agreement to the National Railroad Passenger Corporation (Amtrak). This funding opportunity, which totals $427,739,036, is designated to support Amtrak's operating, capital, and debt service needs until January 31, 2029, and requires Amtrak to submit a comprehensive grant application detailing projected costs, capital projects, and safety improvements. This funding is crucial for maintaining and enhancing rail services across the Northeast Corridor and state-supported routes, ensuring continued operational efficiency and safety. Interested applicants must submit their applications electronically by January 8, 2026, and can reach the GrantSolutions Help Desk at 1.866.577.0771 for assistance.
    FAA Aviation Research Grants Program
    DOT - FAA Aviation Research Grants
    The Department of Transportation's Federal Aviation Administration (FAA) is inviting applications for the FAA Aviation Research Grants Program, aimed at supporting innovative research that addresses the long-term growth and immediate technical needs of civil aviation. Eligible applicants include private institutions of higher education and non-profit research organizations, with a focus on advancing knowledge in various scientific and engineering disciplines relevant to aviation. The program encourages proposals in areas such as air traffic control technology, aviation safety, and human factors, with grant awards ranging from $0 to $6 million. Interested parties should submit their applications by September 7, 2027, and can direct inquiries to Alicia Joynes at Alicia.CTR.Joynes@faa.gov for further information.
    FY26 Northeast Corridor Cooperative Agreement to the National Railroad Passenger Corporation
    DOT - Federal Railroad Administration
    The Department of Transportation's Federal Railroad Administration is offering a cooperative agreement to the National Railroad Passenger Corporation (Amtrak) for the fiscal year 2026, with a total funding amount of $379,562,566. This funding is designated to cover capital and debt service costs associated with Amtrak's operations on the Northeast Corridor and is available until January 31, 2029, or until expended. Eligible applicants must submit a comprehensive grant application that includes various documentation, such as a statement of work and detailed financial projections, to ensure the effective use of funds for improving train services and infrastructure. Interested parties can find additional information and contact the GrantSolutions Help Desk for assistance, with the application deadline set for January 8, 2026.
    State Electronic Crash Data Collection
    National Highway Traffic Safety Administration
    The National Highway Traffic Safety Administration (NHTSA) is forecasting a funding opportunity for the State Electronic Crash Data Collection Program, aimed at enhancing state crash data systems across the United States. This discretionary grant program, with an estimated total funding of $250 million, is available to state governments, including territories and Indian Tribes, and requires a 20% cost-sharing contribution from recipients. The grants will facilitate the modernization of crash data collection systems, enabling electronic data collection and standardized transfer of crash data to NHTSA, which is crucial for analyzing trends and developing safety interventions. Interested applicants should prepare to submit their proposals by December 2023, with awards anticipated in February 2024; for further inquiries, contact Reba Dyer at nhtsaoam@dot.gov.
    F25AS00282 National Fish Passage Program FY25
    Fish and Wildlife Service
    The U.S. Fish and Wildlife Service is offering grants through the National Fish Passage Program (NFPP) for projects aimed at restoring aquatic connectivity, enhancing community safety, and supporting local economies. The program provides technical and financial assistance for initiatives such as dam removals, culvert replacements, and floodplain restoration, with a total funding pool of $10 million and individual awards ranging from $1 to $1 million. This funding is crucial for projects that benefit ecological health and community resilience, with an estimated economic return of $1.5 million for every $1 million invested. Interested applicants, including government entities, tribal organizations, non-profits, and private institutions, must coordinate with NFPP regional staff before submitting applications, which are accepted on a rolling basis until December 31, 2025. For further information, applicants can contact Thomas McCann at thomasmccann@fws.gov.