Quebec Zero-Emission School Buses

Sector(s)
Public Transit
Location(s)
Province of Quebec
Participation
$400 million (financial close)
Partner(s)
Bus Carriers Federation, Government of Quebec

Supporting the purchase of 3,500 zero-emission school buses and associated charging infrastructure

Our investment of $400 million enables Quebec school bus operators to purchase zero-emission school buses (ZEBs). 

Fast facts

Remove 59,000 tonnes of greenhouse gas emissions = 12,713 passenger vehicles from the road/year
Quieter and more comfortable ride for students
Purchase price and will be repaid from energy and maintenance cost savings

ZEBs are quieter and are expected to have lower maintenance and fueling costs compared to equivalent GHG-emitting vehicles. By replacing 3,500 diesel school buses, our investment will help reduce greenhouse gas emissions by 59,000 tonnes annually. The buses contribute to the Province’s shift toward more sustainable transportation, lowering its carbon footprint while providing a high-quality transit service for students.
Our investment will work in conjunction with funding provided by the Ministry of Transport of Quebec.

We will be repaid from energy and maintenance cost savings from the ZEB as measured against costs of an equivalent GHG-emitting bus.

Benefits of CIB Involvement

Our ZEB Initiative assists transit agencies and school bus 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 partners to take advantage of flexible financing options to modernize their bus fleets on an accelerated basis.

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Bus Carriers Federation

The Bus Carriers Federation is actively contributing to the shift to electric school buses. We are pleased to partner with the CIB, which will offer a financial product for the benefit of carrier members who are making this important shift for their businesses. Through this agreement, the Federation will support its members by accompanying them throughout the financing process with the CIB.

Stéphane Lefebvre, Chairperson