City of Brampton Zero-Emission Buses

Sector(s)
Public Transit
Location(s)
Brampton, Ontario
Participation
$400 million (Financial Close)
Partner(s)
City of Brampton

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

Reduces 80% of greenhouse gas emissions by 2050
57K tonnes of GHGs saved = 12,396 passenger vehicles off the road/year
Quieter and more comfortable ride for users
Lower maintenance costs

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

I am proud to welcome the CIB’s multi-million-dollar investment in Brampton Transit. We are revolutionizing transit in Canada with our goal to purchase 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.

Patrick Brown, Mayor
Brampton Board of Trade

Congrats to city & federal partners on @cib_en agreement to help @BramptonTransit purchase up to 450 Zero Emission Buses by 2027. We need transportation infrastructure & sustainable solutions- today’s news offers both!

Via Twitter handle