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Michigan Innovative Financing Asset Scan for Transportation (MI-FAST)
Michigan Innovative Financing Asset Scan for Transportation (MI-FAST)
Identifying a feasible path to build the future
The Michigan Innovative Financing Asset Scan for Transportation (MI-FAST) is an exploratory study that will analyze lifecycle costs of needed Michigan transportation projects and estimate the benefits of new revenue to accelerate those projects. The study will screen up to 170 unfunded projects, select 12 for detailed evaluation, explore innovative financing and partnership opportunities, and strengthen MDOT’s capacity to assess and deliver major projects. Study funding from the USDOT Innovative Finance and Asset Concession (IFAC) Grant does not reflect a commitment to pursue federal financing and debt.
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Timeline
The timeline reflects study duration and its implementation for the selected candidate project plan. It does not represent the full timeline for completing future projects.
Mid-late 2025
Getting started
Identify potential projects and gather input.
Early-mid 2026
Studying options
Review project ideas, assess feasibility and share updates for feedback.
Late 2026
Early 2027
Building the pipeline
Develop top projects with partners, share updates, and gather feedback.
Mid-LaTe 2027
Finalizing the plan
Review project ideas, assess feasibility and share updates for feedback.
Project locations
Where are the opportunities? MI-FAST will evaluate projects across all seven MDOT regions, spanning rail, roadway, bridges and other key assets. Candidate projects are identified through MDOT’s Five-Year Program, unfunded needs lists and ongoing studies.
Bay Region | Grand Region | Metro Region | North Region | Southwest Region | Superior Region | University Region
Explore MDOT's regions
A total of 12 candidate projects are included in the MI-FAST Study. The candidate projects included in MI-FAST are unfunded and, as such, are not scheduled for design and/or construction at this time.
Frequently asked questions (FAQs)
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What is MI-FAST?
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How many projects are being considered?
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What types of projects are included?
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How will the study team understand the unique background of the 12 candidate projects?
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What was the project screening process conducted as part of MI-FAST?
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Does MI-FAST build or fund the selected projects?
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Why is this study needed now?
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Who is involved in this effort?
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How does MI-FAST relate to other MDOT transportation plans?
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How can the public get involved?
Project partners
USDOT - Build America Bureau
Build America Bureau is the grant sponsor, providing oversight and support through the Innovative Finance and Asset Concession Grant.
MDOT
MDOT serves as the program sponsor and grant recipient, overseeing the study and advancing Michigan’s transportation priorities.
Michigan Infrastructure Office
Michigan Infrastructure Office (MIO) supports the study as a funding partner, helping advance Michigan’s infrastructure priorities.
HNTB
HNTB serves as the technical advisor, providing expertise in asset screening, engineering and risk analysis.
