P3 Project - page 7

APRIL 2019 | BUSINESS ELITE CANADA 7
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Imagine it.
Delivered.
well. CNG will mean a savings in excess
of $10,000 per year per bus, or around
$4 million in fuel costs when fully
operational. “Beyond just the reduction
in fuel costs, there will be lower mainte-
nance costs compared to other fossil-fuel
powered vehicles, and quieter running
engines,” says Panday. Calgarians will
also benefit frompermanent jobs created
with the operation and maintenance of
this bus storage and transit facility.
“I’msopleased that our fleet ofCNGbuses
are now part of our Calgary Transit fleet,”
says Mayor Naheed Nenshi. "Investments
in transit are among the best investments
any city can make—they are investments
in the environment, reducing congestion
and improving mobility.”
P3
The Stoney Bus Facility is an example of
why Canada is a global leader in P3 proj-
ects. The City of Calgary chose a P3 as
an affordable, high value/low risk invest-
ment. With additional funding from the
Federal Government, the Province of
Alberta, and the City’s partner, Plenary
Infrastructure Calgary LP, the Stoney Bus