Sector
Enabling Housing Supply
Region
Vancouver area, British Columbia
Investment
$75 million
(Under development)
(Under development)
Partner(s)
BC Ferry Services Inc
Public impact(s)
↓8,300t CO2e annually
Vancouver area to get its first new electric ferries
Investment supports the purchase of four electric ferries
Fast facts
About 8,300 tonnes of greenhouse gas emissions saved annually
Cleaner and quieter transportation option for Vancouver-area commuters and tourists
Reduces passenger exposure to emissions from diesel ferries
Our $75-million investment towards the purchase of four electric ferries will give Vancouver-area commuters and tourists cleaner transit options.
The loan will help cover the higher upfront capital costs of zero-emission ferries (ZEFs) while reducing the pressure to increase fares.
The vessels scheduled to be in-service by May 2027 launch efforts by one of the world’s largest ferry operators to replace its fleet with environmentally friendly and quieter vessels.
Term (years): 25
Benefits of the CIB’s involvement
The CIB’s first investment in Zero-Emission Ferries expands its transit portfolio and helps the operator fund a project that is not expected to result in materially higher ridership or revenues.
Learn more
Disclaimer: The Canada Infrastructure Bank (CIB) in its sole and absolute discretion may choose to make available amendments, revisions, modifications, or replacements to this website. This page will remain open for further revision, modification, replacement or cancellation by the CIB at any time and in no event shall the CIB be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on the content of this website. Images courtesy of BC Ferries
This project originated in 2024 under the CIB's Public Transit sector.
