We are working with public transit owners and service providers across the country regarding zero-emission buses (ZEBs), light rail transit, bus rapid transit, subways, transit-oriented development and more.
We provide innovative financing solutions for transit and specifically offer flexible financing for ZEBs and related charging infrastructure. Our ZEBs Initiative, is expected to result in GHG reductions over the life of electric buses.
Diesel buses are significant greenhouse gas contributors across Canada. Zero-emission buses (ZEBs) are an alternative to both improve transit and make a transition to low-carbon infrastructure. This $1.5 billion initiative targets the accelerated adoption of an estimated 4,000 ZEBs, comprising of a mix of transit and school buses.
Bus Owners, including transit and school bus operators, can take advantage of our financing to modernize their bus fleets on an accelerated basis. Our financing, in the form of direct loans, can cover the higher upfront capital costs of ZEBs and charging infrastructure versus diesel buses.
Repayments to the loan under the initiative are sourced solely from actual savings generated by the lower cost of operating ZEBs compared to the higher cost of operating diesel buses.