Innovative Finance and Asset Concession (IFAC) Grant Program
Department of Transportation ▸ 69A345 Office of the Under Secretary for Policy
Description
Innovative Finance and Asset Concession (IFAC) Grant Program summary:
- Purpose: Helps public entities explore and evaluate public-private partnerships and other innovative financing and delivery approaches for transportation infrastructure.
- Funding available: Up to $45.98 million total, awarded competitively, using Fiscal Years 2024–2026 funds.
- Who can apply: Public entities that own, control, or maintain transportation assets that could be enhanced (for example…
The purpose of this notice is to solicit applications for the Innovative Finance and Asset Concession (IFAC) Grant Program (the Program). Up to $45.98 million will be awarded on a competitive basis to assist eligible public entitiesin facilitating and evaluating public-private partnerships and e…
Source
Grant ID
DOT-OST-2025-0033
Funding Source
Department of Transportation ▸ 69A345 Office of the Under Secretary for Policy
Eligibility
The following categories of applicants are invited to apply:
- City or township governments
- County governments
- Special district governments
- Native American tribal governments (Federally recognized)
- State governments
Awards & Funding
Award Ceiling
$2M
Award Floor
$100,000
Funding Amount
Discretionary
Documents
Similar opportunities
- Bipartisan Infrastructure Law - Carbon Dioxide Transportation Infrastructure Finance and Innovation (CIFIA) Program: Future Growth Grants (Section 40304)
- Fiscal Year (FY) 2023 – 2026 Bridge Investment Program, Large Bridge Project Grants
- Rural and Tribal Assistance Pilot Program NOFO
- FY24 - Corridor Identification and Development (Corridor ID) Program - Amtrak to Long Island
- FY25 Corridor Identification and Development - Cascadia High-Speed Rail Step 2