Coming Soon!

Innovative Finance and Asset Concession Grant Program 

The Bipartisan Infrastructure Law (BIL) authorized a new grant program totaling $100 million over five years to fund state and local government technical, financial and legal advisory service costs for alternative project delivery. The Bureau will administer the program through its technical assistance team. The grants will enable recipients to develop and evaluate public-private partnerships - including asset concessions - to explore opportunities for innovative finance and delivery. 

The Bureau expects to issue the Notice of Funding Opportunity in mid-2023. Currently, the team plans to issue two fiscal years of awards, totaling $40 million. No more than $4 million can be awarded to grantees in a single state. 

Two types of grants will be available: Technical Assistance Grants will be awarded to build organizational capacity to explore innovative finance opportunities in a portfolio of assets and projects. Expert Services Grants will be awarded for project development of identified assets, including hiring professional services to explore opportunities for leverage. Applicants can seek either type of grant but must choose one for this round of funding. 

Please sign up for email updates here to be alerted when the notice of funding opportunity is issued. Questions? Email InnovativeFinanceTA@dot.gov.