Brampton, Canada Infrastructure Bank close on C$400 million in funding
The Canada Infrastructure Bank (CIB) and city of Brampton, Ontario, have reached financial close on a C$400 million (US$320.3 million) agreement that will help the city procure up to 450 zero-emission buses through 2027.
The deal, which was agreed to in principle in July 2021, is the largest zero-emission bus financing commitment CIB has with a municipality. The investment will contribute toward the upfront capital cost of the zero-emission buses and related infrastructure. Brampton has a goal to reduce greenhouse gas emissions by 80 percent by 2050 and electrifying transit vehicles will help the city achieve this.
“I am delighted our investment to support the city of Brampton's transition to a fleet of zero-emission buses has achieved financial close,” said CIB President and CEO Ehren Cory. “The impact of our partnership will not only help Brampton become a green city, but also provide cleaner public transportation for future generations. This is a unique opportunity to make a difference in modernizing municipal infrastructure and build healthier communities.”
The CIB’s zero-emission bus initiative includes C$1.5 billion (US$1.24 billion) to assist public transit agencies and school bus operators transition their fleets to modern, environmentally friendly vehicles. Additionally, the federal government of Canada established a zero-emission bus fund that will invest C$2.75-billion (US$2.19 billion) over five years to help transportation providers make the transition to zero-emission vehicles.
CIB also has financing commitments with OC Transpo in Ottawa, Ontario and the city of Edmonton, Alberta.
Brampton Mayor Patrick Brown said the deal between the city and CIB and the entity’s partnership “will lead to the next level of sustainable transit in Canada.”
Brampton Transit currently has 133 diesel-electric hybrid Züm buses and introduced the first eight battery-electric zero-emission buses in May 2021. Brampton is part of the Canadian Urban Transit Research and Innovation Consortium (CUTRIC) led Pan-Canadian Battery Electric Bus Demonstration and Integration Trial, which aims to demonstrate interoperable charging and operation of battery-electric buses.
Mischa Wanek-Libman | Group Editorial Director
Mischa Wanek-Libman is director of communications with Transdev North America. She has more than 20 years of experience working in the transportation industry covering construction projects, engineering challenges, transit and rail operations and best practices.
Wanek-Libman has held top editorial positions at freight rail and public transportation business-to-business publications including as editor-in-chief and editorial director of Mass Transit from 2018-2024. She has been recognized for editorial excellence through her individual work, as well as for collaborative content.
She is an active member of the American Public Transportation Association's Marketing and Communications Committee and served 14 years as a Board Observer on the National Railroad Construction and Maintenance Association (NRC) Board of Directors.
She is a graduate of Drake University in Des Moines, Iowa, where she earned a Bachelor of Arts degree in Journalism and Mass Communication.
