Bus

Canada begins $138M BRT project

Posted on September 8, 2008

The City of Winnipeg and the Province of Manitoba have reached a $138-million funding agreement to build a rapid transit system and dedicated bicycle paths linking south Winnipeg to the downtown Winnipeg area.

Winnipeg will contribute $30.75 million, which includes $17.5 million from the 2008 federal transit trust. The province will match the federal transit trust contribution of $17.5 million and will fund 50 percent of the net operating costs of the rapid transit system through its existing 50-50 transit funding agreement, fulfilling its legislative commitment under the Climate Change Act passed earlier this spring.

The new rapid transit corridor will utilize the innovative tax increment financing tool to capture any incremental growth from residential and commercial infill development along the rapid transit corridor. Tax increment financing is an investment and development tool that reinvests property and school taxes into certain areas to encourage infrastructure development that otherwise would not take place.

View comments or post a comment on this story. (0 Comments)

More News

AVTA to become nation's first 100% electric bus fleet

BYD Motors will build and deliver a variety of all-electric bus models including a 40-foot low-floor transit bus, a 60-foot low-floor articulated bus, and a 45-foot commuter coach.

Bridj, KCATA, Ford partner for urban mobility pilot project

The transformative program is the first U.S. public-private partnership that brings together a major U.S. transit agency, an automaker and an urban technology company with the aim of enhancing Kansas City’s existing mass transit system by providing greater access and mobility to residents.

L.A. Metro opens new 'green' bus facility

Division 13 will serve as a bus maintenance, operations and service facility with a multi-level parking garage that accommodates 200 CNG buses, fueling equipment, transportation offices and support areas.

Starcraft Bus named Ford's top volume pool account for 10th year

The company has purchased and sold more Ford E-Series chassis than any other bus manufacturer in North America since 2006.

Cummins announces new 'SmartEfficiency' initiative

The product improvement plan focuses on improved fuel efficiency, lower total cost of ownership and improved uptime.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close