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York Region Zero-Emission Buses

Sector(s)
Public Transit
Location(s)
York Region, Ontario
Participation
$136 million (financial close)
Partner(s)
York Region, York Region Transit

York Region’s electric bus fleet will help city reach climate goals

York Region will purchase up to 180 zero-emission buses, making public transit more sustainable

Fast facts

15,982 tonnes of greenhouse gas emissions saved annually
Cleaner and quieter public transit option
Helping region meet net zero goals

Our $136 million investment towards up to 180 zero emission buses (ZEBs) will help York Region reduce greenhouse gas emissions through cleaner public transportation.

Our loan will help cover the higher upfront capital costs of ZEBs helping to accelerate the electrification of York Region’s bus fleet by 2027.  We will be repaid from expected reduced fuel and maintenance costs over the life of the ZEBs compared to diesel buses.

Currently, diesel buses are significant greenhouse gas contributors across Canada and accounted for over half of the Region’s current annual corporate emissions. Converting from diesel-powered vehicles to electric is a key component of the Region’s Vision 2051 and the Energy Conservation and Demand Management Plan focused on mitigating climate change and reducing greenhouse gas emissions.

Benefits of CIB’s Involvement

Our Zero-Emission Buses Initiative assists transit agencies and school boards in transitioning their fleets to modern, environmentally friendly vehicles. The financing, in the form of direct loans, can cover a portion of the higher upfront capital cost of ZEBs compared to diesel buses. We enable our partners to modernize their bus fleets on an accelerated basis by taking advantage of our flexible financing options.

Learn more

York Region Transit electric bus at charging station
York Region Transit electric bus
York Region Transit electric bus
Government of Canada

This investment from the Canada Infrastructure Bank is another step towards our government’s commitment to reaching net-zero by 2050. These zero-emission buses will provide York Region residents with a clean, dependable, and more sustainable public transit system.

Hon. Dominic LeBlanc
The Regional Municipality of York

Access to safe and efficient transportation options continues to be a top priority for York Regional Council and the more than 1.2 million residents who call our communities home. With the support of the Canada Infrastructure Bank we are able to further increase access to public transit in a way that supports Council’s goal of net-zero greenhouse gas emissions by 2050.

Wayne Emmerson, Chairman and Chief Executive Officer