VANCOUVER — Canada Infrastructure Bank is lending $75 million to British Columbia's ferry service to help buy four zero-emission vessels and install electric charging infrastructure.
It says terminal upgrades are to be completed by 2027 and the battery electric ferries will be used on small-volume and shorter routes. It says the vessels are expected to reduce greenhouse gas emissions by 9,000 tonnes each year, and existing diesel-hybrid vessels will be transferred to other routes to replace ferries that have reached the end of their operating life.
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