BRAMPTON – The City of Brampton and the Canada Infrastructure Bank (CIB) announced their agreement in principle, wherein the CIB would commit up to $400 million to support Brampton Transit’s purchase of up to 450 zero-emission buses (ZEBs) by 2027.
Under the agreement, the CIB’s financing will contribute towards the higher upfront capital cost of the ZEBs and related on-street charging infrastructure. This is the CIB’s third ZEB financing commitment with a municipality and supports one of the largest conversions to fully electric public transit vehicles in Canada to date.
Transitioning to an all-electric bus fleet builds on the City’s commitments of reducing its carbon footprint and building a Green City. ZEBs are sustainable transit vehicles that will provide an efficient, quiet and clean commute for our community.
The electrification of transit vehicles is a critical milestone in the City’s journey to reducing GHGs generated in Brampton by 80 per cent by 2050. Currently, Brampton Transit’s fleet includes eight battery electric buses and four overhead chargers saving approximately 235 tonnes of CO2 per bus per year; adding to the 133 Hybrid-electric fleet of Züm buses.
The final agreement will be subject to Brampton City Council and Regional Council approval. The CIB and City of Brampton expect to reach financial close by the end of 2021.
“I am proud to welcome the CIB’s multi-million dollar commitment towards 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, City of Brampton