Opportunity Information: Apply for DOT OST 2025 0033
The Innovative Finance and Asset Concession (IFAC) Grant Program is a U.S. Department of Transportation discretionary funding opportunity designed to help public-sector owners move transportation projects closer to delivery by strengthening the early work needed to pursue public-private partnerships (P3s) and other innovative financing and procurement approaches. In practical terms, the program is meant to support the planning, evaluation, and structuring steps that public agencies often need before they can responsibly decide whether a P3, asset concession, or another alternative delivery model makes sense for a specific transportation asset. Rather than funding construction outright, IFAC focuses on helping eligible public entities do the analytical and preparatory work that can unlock larger capital stacks and accelerate implementation.
The notice indicates that up to $45.98 million total will be awarded on a competitive basis, drawing from Fiscal Years 2024, 2025, and 2026. Individual awards have a ceiling of $2,000,000 per award. The funding instrument type is a cooperative agreement, which generally means the federal government expects to have substantial involvement during the period of performance (for example, through coordination, review of deliverables, and ongoing programmatic oversight), as opposed to a more hands-off grant structure. The opportunity is administered by the Office of the Under Secretary for Policy (Agency code 69A345), and it is listed under CFDA/Assistance Listing 20.945.
Eligible applicants are public entities, specifically including state governments, counties, cities or townships, special district governments, and federally recognized Tribal governments. The key eligibility condition is that the applicant must own, control, or maintain transportation assets that could be developed into "enhanced assets." The program is oriented toward public owners who are considering whether to improve, monetize, expand, or otherwise modernize an asset through strategies that may involve private participation, innovative revenue approaches, or alternative delivery arrangements.
The range of project types is broad and covers many major transportation modes and contexts. The notice explicitly includes highway projects, transit projects, passenger rail, certain freight facilities, certain port projects, rural infrastructure projects, airports, and transit-oriented development projects. This breadth signals that USDOT is aiming to encourage advanced finance and delivery practices across the transportation sector, not just in traditional highway P3s, and that applications can come from agencies with different asset profiles as long as the underlying concept aligns with program goals.
A central program requirement is that the assets and activities being supported should be the type that would reasonably be deemed eligible for a Transportation Infrastructure Finance and Innovation Act (TIFIA) loan through the USDOT Bureau (commonly referring to the Build America Bureau). That linkage matters because it ties IFAC to a well-established federal credit program framework and suggests the grant is intended to help agencies evaluate and shape projects that could ultimately be financed through major federal credit assistance and/or private capital. In effect, IFAC can be understood as helping agencies do the front-end work that makes later financing, credit assistance, and procurement decisions more viable and defensible.
The application window reflected in the source data shows an original closing date of 2025-10-01, and the opportunity number is DOT OST 2025 0033. Awards are expected to be competitive, meaning applicants should anticipate being evaluated against other applicants based on the program's selection criteria and the strength, readiness, and public value of their proposed work. Overall, IFAC is positioned as a capacity-building and deal-preparation resource for public infrastructure owners who want to explore P3s, asset concessions, and other innovative delivery and financing pathways for eligible transportation projects.Apply for DOT OST 2025 0033
- The 69A345 Office of the Under Secretary for Policy in the transportation sector is offering a public funding opportunity titled "Innovative Finance and Asset Concession (IFAC) Grant Program" and is now available to receive applicants.
- Interested and eligible applicants and submit their applications by referencing the CFDA number(s): 20.945.
- This funding opportunity was created on 2025-08-13.
- Applicants must submit their applications by 2025-10-01. (Agency may still review applications by suitable applicants for the remaining/unused allocated funding in 2026.)
- Each selected applicant is eligible to receive up to $2,000,000.00 in funding.
- Eligible applicants include: State governments, County governments, City or township governments, Special district governments, Native American tribal governments (Federally recognized).
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