Brampton lines up $400M in funding from infrastructure bank for electric buses
Published July 21, 2021 at 6:50 pm
City of Brampton has secured up to $400 million for the continued expansion of their electric bus program.
The money will come from the Canada Infrastructure Bank (CIB) for Brampton Transit’s purchase of up to 450 zero-emission buses (ZEBs) by 2027.
“I am proud to welcome the CIB’s multi-million dollar commitment towards Brampton Transit,” said Brampton Mayor Patrick Brown.
“We are revolutionizing transit in Canada with our goal to put up to 450 zero-emission buses on Brampton’s roads in the next six years. Brampton is a Green City, and together, we can reduce our carbon footprint and become an even more modern and sustainable city.”
Under the agreement, the CIB’s financing will contribute towards the higher upfront capital cost of the ZEBs and related on-street charging infrastructure. This is the CIB’s third ZEB financing commitment with a municipality and supports one of the largest conversions to fully electric public transit vehicles in Canada to date.
“I am delighted the CIB is making major investment in the City of Brampton’s ZEB initiative,” said Ehren Cory, president and CEO, Canada Infrastructure Bank.
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“This is a tremendous opportunity to make a difference in modernizing municipal infrastructure. The CIB will continue making investments which improve the quality of life for Canadians and support more sustainable communities.”
Transitioning to an all-electric bus fleet builds on Brampton’s commitments of reducing its carbon footprint and building a Green City. ZEBs are sustainable transit vehicles that will provide an efficient, quiet and clean commute for our community.
The electrification of transit vehicles is a critical milestone in the City’s journey to reducing green house gasses generated in Brampton by 80 per cent by 2050.
“Cleaner air, quieter streets, and a planet safe for our kids, that’s the goal,” said Catherine McKenna, Minister of Infrastructure and Communities.
“It’s part of the Government of Canada’s plan to improve the quality of life for all Canadians, by creating good jobs and kickstarting the economy, tackling climate change, and building more inclusive communities.”
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