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AmextaFinance > Investing > NFI Gets Toronto Transit Commission Order for 621 Electric Buses
Investing

NFI Gets Toronto Transit Commission Order for 621 Electric Buses

News Room
Last updated: 2023/06/05 at 9:33 PM
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By Robb M. Stewart


NFI Group has secured a five-year contract to supply battery-electric buses in Toronto, building on an earlier deal sell hybrid-electric buses to the Toronto Transit Commission.

NFI said Monday that the TTC awarded its New Flyer Industries Canada a contract for 40-foot buses, including a firm order for 186 Xcelsior Charge NG heavy-duty transit buses and an option for an additional 435 of the same buses.

The bus and coach maker said the contract includes options for other agencies in the province of Ontario to enter into their own agreements with New Flyer for up to 550 buses over four years, providing future order opportunities for New Flyer. NFI said it added 261 buses to its order backlog in the first quarter based on the TTC’s initial base firm and option order.

The order builds on a 2022 TTC firm award to NFI for 134 Xcelsior 40-foot hybrid-electric heavy-duty transit buses and 68 Xcelsior 60-foot hybrid-electric buses, as part of a four-year contract that included options for up to an additional 263 40-foot hybrid-electric buses and 100 60-foot buses.


Write to Robb M. Stewart at [email protected]


Read the full article here

News Room June 5, 2023 June 5, 2023
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