Transport committee  For the smaller study we did of around 200 buses when we were going to convert a facility, we did do a detailed costing of that, and the payback period of that was around six years.

Transport committee  That was based on a fairly conservative fuel model as well. If the natural gas prices stay as depressed as they are today, or possibly even lower, then obviously that period becomes shorter again. We haven't done that study for the bigger facility, of a new facility, plus 400 bus

Transport committee  In the initial study it did include the capital cost associated with retrofitting an existing building. As I say, we haven't done a detailed costing study of a new facility yet because we are still working with P3 Canada to see exactly how much our capital costs would be with a n

Transport committee  Thank you, Mr. Chair. By way of background, Calgary Transit is a division of the City of Calgary. We currently operate just over 1,000 buses in our fleet at the moment, all of which are powered by diesel engines. Our fleet varies in age from some brand new buses that we've just