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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 all-electric buses will improve local air quality while saving ART 50 percent on its monthly fuel and maintenance costs.
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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 deployment also represents the first implementation of Proterra's innovative battery-lease financing model.
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Amy Ard will be in charge of aligning Proterra's engineering, manufacturing, sales, marketing, and operations goals with company finance.
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The move is the latest effort by the transit system to reduce costs through outsourcing.
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Under the program, MetroAccess customers will have the choice of booking a ride on the same day they need it, a significant improvement from the current MetroAccess requirement that trips be booked 24 hours in advance
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The savings are based on the cost of commuting by public transportation compared to the cost of owning and driving a vehicle, which includes the average national gas price of $2.13 per gallon and the national unreserved monthly parking rate numbers.
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The savings are based on the cost of commuting by public transportation compared to the cost of owning and driving a vehicle and the national unreserved monthly parking rate numbers.
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On Monday, TAPS Board of Directors awarded a multi-million dollar, five-year contract to the international transit management company.
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