Federal Canada Infrastructure Bank lending money to B.C. Ferries for electrification

The Canada Infrastructure Bank is loaning B.C. Ferries $75 million to help buy four new electric Island-class ferries and installing charging infrastructure.

“In addition to their environmental benefits, the new vessels will be quieter and offer more enjoyable commutes for local residents and visitors.” “It’ll also help us achieve important environmental benefits. All of this increases our passengers’ confidence we’ll get them where they need to go in a safe, reliable and environmentally conscious way.”

“Our job is to make investments in new infrastructure that helps move our country forward on goals like decarbonizing our train, transit and transportation systems,” Cory said, adding this includes broadband and digital infrastructure and economic growth and productivity.

Source: Energy Industry News (energyindustrynews.net)

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