One of the largest increases of emissions free transit vehicles in Canada
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OTTAWA, ON, Aug. 11, 2022 /CNW/ – The Canada Infrastructure Bank (CIB) has achieved financial close on an investment of up to $380 million with the City of Ottawa (City) to help finance up to an additional 446 OC Transpo zero-emission buses (ZEBs) through 2027.
The CIB’s loan will contribute towards the upfront capital cost of the battery-electric buses, which will help accelerate the electrification of OC Transpo’s bus fleet.
OC Transpo welcomed its first four new 40-foot battery-electric buses into service in early 2022 and, thanks in part to CIB funding, is seeking to add 26 more in 2023, and another 420 by the end of 2027. With the gradual phase-out of diesel buses as they reach the end of their life cycle, OC Transpo could achieve a fully zero-emission bus fleet by 2036.