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CIB announces funding to help Brampton Transit transition to zero-emission buses, Canada [free access]

July 22, 2021

The Canada Infrastructure Bank (CIB) and Brampton Transit have reached an agreement in principle, under which CIB will commit up to USD318 million to support the purchase of up to 450 zero-emission buses by Brampton Transit. The financial contribution will be used to cover the upfront capital cost of the zero-emission buses and the related infrastructure; it is expected to reach financial closure by end-2021.

 

Brampton aims to reduce greenhouse gas emissions by 80 per cent by 2050.