City of Calgary granted $165M loan for electric bus purchases
It also says there will be significant savings. According to a Wednesday news release, lifetime fueling and maintenance for an electric bus could be up to 50 per cent lower than for a diesel bus.Story continues below advertisement
“The finance team has done a lot of work with the Canada Infrastructure Bank to make sure this is in the best interest of the city,” she told reporters on Wednesday. “I’m really hopeful we can expedite this process. … This is another move to diversify the fleet and I hope it’s a quick one. “This is demonstrating value for the climate declaration and strategy and it demonstrates a city that is progressive that is moving a diverse bus fleet.”
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