Regional Municipality of Peel Awards $7,780,000 Financial Services Contract to Canada Infrastructure Bank (June 2025)

The Regional Municipality of Peel Debt Issuance Committee approved By-law 27-2025 to draw down $7,780,000 from the Canada Infrastructure Bank under a conditional loan agreement. The funds will finance Brampton’s first ten zero-emission buses as part of the ZEB transit electrification project, with repayment governed by the existing Credit Agreement and conditional repayment schedule.

Scope & details

The full contract record, as filed.

Contract amount

$7,780,000.00

Contract type

FINANCIAL_SERVICES

Renewal

Borrowing is a drawdown under a March 29, 2022 conditional loan Credit Agreement with the Canada Infrastructure Bank; repayment follows the conditional schedule in Schedule A and the Credit Agreement terms.

Document type

Agenda

Source document

Regional Municipality of Peel Debt Issuance Committee Agenda June 12 2025

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Regional Municipality of Peel?

Canada Infrastructure Bank was awarded this financial services contract by Regional Municipality of Peel, as recorded on June 12, 2025. The contract value is $7,780,000.00.

How much is the Canada Infrastructure Bank contract with Regional Municipality of Peel worth?

The Canada Infrastructure Bank contract with Regional Municipality of Peel is valued at $7,780,000.00, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in Regional Municipality of Peel Debt Issuance Committee Agenda June 12 2025 (Agenda), dated June 12, 2025 from Regional Municipality of Peel. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Canada Infrastructure Bank hold?

Canada Infrastructure Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Regional Municipality of Peel currently buying?

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