Minister McKenna Announces $2.75 Billion Fund to Electrify Transit Systems
Today, Minister of Infrastructure & Communities Catherine McKenna announced a $2.75 billion fund for electric bus infrastructure over the next five years. Funding will be provided through Infrastructure Canada to support the purchase of zero-emission public transit and school buses and can be accessed as early as 2021.
Today’s announcement is in addition to the $1.5 billion in low-cost financing made available for electric buses and charging infrastructure via the Canada Infrastructure Bank announced in October 2020.
The $2.7-billion fund for electric bus infrastructure will come from a plan to spend $5.9-billion over five years on transit-related projects. That fund was announced in February, along with an announcement to create a dedicated public-transit transfer to municipalities worth $3-billion a year, starting in 2026.
Federal Engagement
As the details of the programs announced today become available, let Sussex help connect you with the right people in government to help your organization get through these extraordinary times.
