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According to a memo shared with Motherboard, the city spent around $26,500 subsidizing roughly 4,800 rides in May and June. The start-up cost for a single bus line, by comparison, was estimated to be upwards of $200,000.
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The Trudeau government’s soon-to-be-launched, $35-billion infrastructure bank will seek to use public funds as leverage to attract billions more in private investment for major infrastructure projects, such as bridges, transit systems, and rail lines.
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The 15-year contract that will move the three cities from a cash and paper-based ticketing system to a common contactless fare payment system utilizing an account-based back office.
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The vehicles will be delivered starting Q1 2018.
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Named Outstanding Public Transportation System for 2017, the TTC last won the award in 1986.
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The contract is worth almost $223.9 million and part of an effort to extend the Confederation Line further east by 7.5 miles and west by 9.3 miles.
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The contract will see Bridgestone supplying tires to more than 60,000 of FirstGroup’s buses and coaches in the U.S., Canada, and the UK.
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Josée Danis will serve as the transportation provider's new VP of business development in Canada. She brings almost 20 years of experience in the rail industry and finance to RATP Dev.
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Each K9S bus is capable of traveling between 155 and 174 miles per charge and can withstand the cold climate of Alberta.
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The town will subsidize a portion of the fare for all trips taken by residents, while offering additional subsidies for rides going to and from transit hubs.
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