BRAMPTON, ON (July 21, 2021) – Today, 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.
The CIB’s financing will cover the higher upfront capital costs of ZEBs and accelerate the electrification of the City’s bus fleet. Once the 450 buses are deployed, ZEBs are estimated to save approximately 235 tonnes per bus for a total of approximately 100,000 tonnes of green house gases per year. The electrification of transit vehicles is a critical milestone in the City’s journey to reducing GHGs generated in Brampton by 80% by 2050.
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.
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Canada Infrastructure Bank commits up to $400 million towards the City of Brampton’s 450 zero-emission bus transitionQuotes“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“This is a significant commitment. Brampton is a leader in clean transportation initiatives, and this commitment to transit will improve our residents’ quality of life. The electrification of our transit network is a priority in our Council’s commitment to building a Green City.”
- Paul Vicente, Regional Councillor, Wards 1 & 5; Chair, Public Works & Engineering, City of Brampton“The CIB’s commitment supports the City’s dedication to building a well-connected, sustainable, and energy-efficient transportation system and a greener city for all. We look forward to continuing to work with our stakeholders to bring investment to Brampton.”
- David Barrick, Chief Administrative Officer, City of Brampton“Enhancements that make sustainable travel models available are critical to achieve the Region of Peel's objectives for long-term growth and for healthy and livable communities. This commitment of up to $400 million from Canada Infrastructure Bank to support Brampton Transit’s purchase of up to 450 zero-emission buses by 2027 is an ideal example of an initiative aimed at accommodating growth in a way that prioritizes environmental, societal and economic sustainability.”
- Nando Iannicca, Regional Chair“I am delighted the CIB is making major investment in the City of Brampton’s ZEB initiative. Our partnership will help Brampton become a green city and provide cleaner public transportation for generations to come. This is a tremendous opportunity to make a difference in modernizing municipal infrastructure. The CIB will continue making investments which improve the quality of life for Canadians and support more sustainable communities.”
- Ehren Cory, President and CEO, Canada Infrastructure Bank “Cleaner air, quieter streets, and a planet safe for our kids – that’s the goal. By partnering with the City of Brampton, the Canada Infrastructure Bank will help bring up to 450 new zero-emission buses to the streets of Brampton, towards our commitment of 5,000 more zero emission buses across the country. It’s part of the Government of Canada’s plan to improve the quality of life for all Canadians, by creating good jobs and kickstarting the economy, tackling climate change, and building more inclusive communities.”
- The Honourable Catherine McKenna, Minister of Infrastructure and CommunitiesAs one of the fastest-growing cities in Canada, Brampton is home to more than 700,000 people and 75,000 businesses. People are at the heart of everything we do. We are energized by our diverse communities, we attract investment, and we are embarking on a journey to lead technological and environmental innovation. We partner for progress to build a healthy city that is safe, sustainable and successful. Connect with us on
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www.brampton.ca.
MEDIA CONTACTSChristine Sharma
Media Relations, City of Brampton
647.242.4319 |
christine.sharma@brampton.ca
