# Asset Concessions and Innovative Finance Assistance (20.945)

Source: https://welltoldgrants.com/programs/20-945-asset-concessions-and-innovative-finance-assistance/  
Publisher: Well Told Grants. Data: USAspending.gov and Grants.gov, updated October 31, 2026.

Asset Concessions and Innovative Finance Assistance is run by Department of Transportation. From fiscal 2021 to 2025 it awarded $48.5 million in 44 grants, about $1.1 million per award.

## Objectives

The objective of this program is to facilitate access to expert services for, and to provide grants to, eligible applicants to facilitate and evaluate public-private partnerships, including asset concessions, and to explore opportunities for innovative financing and delivery for eligible transportation projects.

## Funding by fiscal year

| Year | Amount | Awards |
|---|---|---|
| 2021 | $0 | 0 |
| 2022 | $0 | 0 |
| 2023 | $0 | 0 |
| 2024 | $0 | 0 |
| 2025 | $48.5 million | 44 |

## Largest recipients

| Recipient | State | Amount |
|---|---|---|
| Transportation & Development Louisiana D | Louisiana | $2.0 million |
| Rhode Island Public Transit Authority | Rhode Island | $2.0 million |
| Little Rock Municipal Airport Commission | Arkansas | $2.0 million |
| Michigan Department of Transportation | Michigan | $2.0 million |
| Richmond, City of | Virginia | $2.0 million |
| City of New Orleans | Louisiana | $2.0 million |
| City of North Miami | Florida | $1.8 million |
| City of Philadelphia | Pennsylvania | $1.6 million |
| San Jose, City of | California | $1.6 million |
| City of Jacksonville, Florida | Florida | $1.3 million |
| Massachusetts Bay Transportation Authority | Massachusetts | $1.2 million |
| City of New Rochelle | New York | $1.0 million |
| Contra Costa Transportation Authority | California | $1.0 million |
| City of Burlington | Vermont | $1.0 million |
| City of Tampa | Florida | $1.0 million |
| Maryland Department of Transportation | Maryland | $1.0 million |
| Indiana Department of Transportation | Indiana | $1.0 million |
| Baltimore, City of | Maryland | $1.0 million |
| City of Charlotte | North Carolina | $1.0 million |
| Louisville-Jefferson County Metro Government | Kentucky | $1.0 million |