City of Edmonton Zero-Emission Buses

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The 20 ZEBs will replace diesel vehicles reaching their end of life. Once in service, ETS will have a fleet of 60 ZEBs.ETS’s zero-emission buses are quieter and are expected to have lower maintenance and fuelling costs compared to equivalent diesel vehicles. The buses contribute to Edmonton’s shift toward more sustainable transportation, lowering its carbon footprint while providing a high-quality transit service for users.Our investment will finance a portion of the ZEB purchase and we will be repaid from cost savings, as measured against the cost of an equivalent diesel bus.The investment supports Canada’s economy by creating new manufacturing opportunities and spin off economic benefits across the supply chain.Benefits of CIB involvementOur Zero-Emission Buses Initiative assists transit agencies and school bus school bus operators in transitioning their fleets to modern, environmentally friendly vehicles. Our financing, in the form of direct loans and innovative aggregators, can cover the higher upfront capital cost of ZEBs versus diesel buses, with repayment coming only from actual savings generating by operating ZEBs instead of diesel buses. We enable partners to take advantage of flexible financing options to modernize their bus fleets on an accelerated basis.

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