City eyeing $400M loan for electric buses

By CBC News Ottawa

The Canadian Infrastructure Bank (CIB) is promising a $400-million loan to the City of Ottawa to purchase 450 electric buses by 2027, the city said in a news release Monday.

The agreement will need the approval of the city's transportation committee and council later this month.

According to the CIB, if approved, it would be "the largest conversion of public transit vehicles in Canada to date."

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