Initial Investment – $28.9 million for 60 vehicles
$28.3 million for 60 CNG buses vs. $25.6 million for 60 diesel buses
Per vehicle: $472,000 for CNG vs. $426,000 for diesel
- $46,000 premium for CNG over diesel per bus
- Economic payback in 23 months due to fuel savings
245 vehicles scheduled for replacement over next five years
- Funds currently identified for 170
Financial advantages of CNG fleet
Fuel Savings: Approx. $200,000 per vehicle compared to diesel over 12-year life.
- Current Cost of Diesel: $3.05
- Current cost of CNG fuel: $1.29 diesel gallon equivalent (DGE)
Projected lifetime fuel savings for 245 vehicles: $49 million
Environmental advantages of CNG fleet
Abundant supply of natural gas
- 98 percent produced in the United States
Reduction of greenhouse gases by 30 percent
Reduction of nitrous oxide pollution by 85 percent
Bus replacement schedule:
- March 2015 – 60 buses
- March 2016 - 30
- March 2017 - 30
- March 2018 – 50
CNG fueling stations: $7 million-$10 million investment will be made
- Hayden District - 2015: $3 million - $4 million
- Triskett District - 2017: $4 million - $6 million
Posted Nov. 19, 2013