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Deputy Prime Minister and Minister of Finance, Chrystia Freeland, speaks during a news conference, in Surrey, B.C., on March 30.DARRYL DYCK/The Canadian Press

The federal government and the City of Toronto are jointly funding the purchase of 340 zero emission transit buses for the city.

Deputy Prime Minister Chrystia Freeland says Ottawa will spend $349-million to help electrify the city’s fleet of transit buses.

In addition to purchasing the buses, Ms. Freeland says the funding will also help buy 248 chargers and support upgrades to related infrastructure in bus garages.

The City of Toronto is contributing $351-million to the project.

The funding comes as the Toronto Transit Commission works towards electrifying its operations by 2040.

The federal contribution comes through the Zero Emission Transit Fund announced in 2021, which Ottawa has said will provide $2.75-billion over five years to help public transit and school bus operators electrify their fleets.

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