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.
The all-electric buses will improve local air quality while saving ART 50 percent on its monthly fuel and maintenance costs.
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.
The deployment also represents the first implementation of Proterra's innovative battery-lease financing model.
Amy Ard will be in charge of aligning Proterra's engineering, manufacturing, sales, marketing, and operations goals with company finance.
The move is the latest effort by the transit system to reduce costs through outsourcing.
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
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.
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.
On Monday, TAPS Board of Directors awarded a multi-million dollar, five-year contract to the international transit management company.
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