(financial close)
One of the largest conversions of public transit vehicles in Canada
The City Brampton is planning to procure up to 450 zero-emission buses (ZEBs) to replace its current fleet.
Fast facts
Transitioning to a fully electric ZEB fleet is critical a step in the City’s plan to reduce GHGs generated in Brampton by 80 per cent by 2050 and creating a Green City.
We finance a portion of the ZEBs purchase and be repaid from cost savings from the ZEBs as measured against costs of an equivalent GHG-emitting bus.
Benefits of CIB involvement
Our Zero-Emission Buses Initiative assists transit agencies and school bus operators in transitioning their fleets to modern, environmentally friendly vehicles. Our financing, in the form of direct loans and innovative aggregators, can cover the higher upfront capital cost of ZEBs versus diesel buses, with repayment coming only from actual savings generating by operating ZEBs instead of diesel buses. We enable our partners in taking advantage of flexible financing options to modernize their bus fleets on an accelerated basis.
Learn more
- City of Brampton - Opens in a new tab
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