Canada Infrastructure Bank invests $165Min zero emission buses for Calgary, Canada

The Canada Infrastructure Bank (CIB) is partnering with the city of Calgary, that will receive $165 million investment aimed at procuring 259 zero-emission buses by 2027. They’ll be operated by municipal operator Calgary Transit. The city has set the goal to achieve net-zero emissions by 2050.

This zero emission bus investment is another important step towards achieving the government of Canada’s goal of 5,000 electric buses.

“By replacing 259 diesel buses with zero-emission battery electric buses, greenhouse gas emissions (GHG) will be reduced by more than 10,000 tonnes each year, said the CIB in its press note announcing the investment, that will cover the higher upfront capital costs of ZEBs compared to diesel buses.

CIB invests in electrification of Calgary bus fleet

Ehren Cory, CEO, Canada Infrastructure Bank says: “We are proud to partner with the City of Calgary to help increase access to sustainable, modern public transportation. By investing $165 million towards 259 zero-emission buses, the CIB is accelerating Calgary’s path to net-zero and is enabling cleaner public transportation for future generations. As part of our mandate, we partner with public transit owners and service providers across the country to provide Canadians with cleaner and faster commutes”

Jyoti Gondek, Mayor, The City of Calgary, says: “Our partnership with Canada Infrastructure Bank has been critical to transitioning our fleet to zero-emission vehicles much quicker than we could have done on our own. It is important for Calgarians to know that in making the switch from diesel to electric, the savings in operations will actually cover the cost of the loan. When it comes to climate change, we are committed to bold moves that are both economically and environmentally sustainable”.

Sharon Fleming, Director, Calgary Transit: “The partnership with the Canada Infrastructure Bank enables us to kick-start the transition of our public transit fleet from diesel to alternative fuels. It will help us lower our environmental impact while continuing to provide the service Calgarians expect”.

“Achieving our goal of net-zero emissions by 2050 requires cutting down greenhouse gas emissions in the transportation sector. The City of Calgary, with the support of CIB’s loan, is paving the way towards a cleaner and more sustainable future for its residents by offering greener transit options”, comments George Chahal, Member of Parliament for Calgary Skyview, on behalf of the Honourable Dominic LeBlanc, Minister of Intergovernmental Affairs, Infrastructure and Communities.