Fiscal Year 2024-2026 Awards Information, Innovative Finance and Asset Concession Grant Program

Topic: Funding

Agency: Build America Bureau (BAB), Department of Transportation (DOT)

Action: Notice of Project Selections

Information: https://www.transportation.gov/buildamerica/innovativefinancegrants

Title: Fiscal Year 2024-2026 Awards Information, Innovative Finance and Asset Concession Grant Program

Published Date: June 15, 2026

Summary: U.S. DOT and the Build America Bureau are “investing $46.97 million across 27 states to build big, beautiful infrastructure projects with the help of public-private partnerships (P3s). Through the Bureau’s Innovative Finance and Asset Concession Program (IFAC), states will have the resources to engage with businesses that can provide innovative financing solutions on local projects.”

Staff Advisor: Mark Hybner, Director, Government Affairs and Advocacy, mhybner@apta.com