Calgary gets $165M federal loan for its electric bus program

In a press release sent out Wednesday morning, the Canada Infrastructure Bank announced it had inked a deal on a partnership with the city for $165 million to go towards theSign up to receive daily headline news from the Calgary SUN, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter.

| 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300A welcome email is on its way. If you don't see it, please check your junk folder.We encountered an issue signing you up. Please try againThe bank said covering the up-front capital costs of purchasing the buses will be a good investment, as the city is projected to save 50 per cent on the lifetime costs of fuelling and maintenance, when compared with diesel buses.

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Calgary gets $165M federal loan for its electric bus programThe City of Calgary has received most of the money it was seeking from the Canada Infrastructure Bank for the purchase of electric buses. What could go wrong…… Once upon a time, Calgary had a whole fleet of electric buses. And an electric railway before that. progress whatsoldisnew Federal loan? Lending money from ourselves to ourselves. Nice
Source: calgaryherald - 🏆 64. / 52 Read more »