The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, and Ya’Ara Saks, member of Parliament for York Centre, joined Jennifer McKelvie, Deputy Mayor of the City of Toronto, and Fort Monaco, Chief of Engineering and Infrastructure of the Toronto Transit Commission (TTC) to announce a joint investment of $700 million towards the electrification of the Toronto Transit Commission (TTC)’s bus fleet.
This funding will enable the TTC to purchase 340 zero-emission buses and 248 bus chargers, according to TTC's news release.
It will also support upgrades to related infrastructure in eight bus garages, including site upgrades, equipment procurement, and charger installations.
Once complete, this project will deliver better public transit for Torontonians with access to new transit options.
This investment will help the TTC work towards electrifying its entire operations by 2040 and help Canada achieve net-zero emissions by 2050.
“Zero-emissions vehicles are the future of public transit and I am grateful for the generous support of the federal and municipal governments on this project," said Jon Burnside, TTC chair. "We are proud to be paving the way for transit electrification across North America as we work towards our goal of being completely zero-emissions by 2040. We are also pleased to be bringing new, clean, quiet vehicles to customers and employees across the City of Toronto.”
The Government of Canada is contributing $349 million to this project through the Zero Emission Transit Fund. The City of Toronto is contributing $351 million.