Global Infrastructure SherpaSheffield secures £92.7 million public funding for 186 electric buses and depot upgrades
USD92.7M
Deal Value
Sheffield has secured £92.7 million in public funding from government and regional investment to introduce 186 electric buses. The project includes significant upgrades to the Olive Grove depot to support the new zero-emission fleet, enhancing the city's public transport infrastructure. This investment aims to modernize Sheffield's bus network and reduce carbon emissions.
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Counterparts (3)
Lender
Government
Governments play a crucial role in infrastructure development by setting policy, providing funding, and regulating projects. Their investment focus varies widely depending on national priorities, ranging from transportation and energy to digital infrastructure and social services.
R
Regional investment
Orange-based Australian government financial institution established in 2018, providing low-interest loans to farmers and agricultural businesses across Australia. Manages a loan book of over A$3 billion (approx. US$2 billion), supporting regional agricultural resilience and growth through finance for farm investment, drought preparedness, and on-farm infrastructure.
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Sheffield is set to significantly upgrade its public transport, securing £92.7 million in public funding for 186 electric buses and a major overhaul of its Olive Grove depot. This substantial investment, backed by both government and regional sources, directly aligns with national priorities for modernizing infrastructure and reducing carbon emissions. The move will introduce a large zero-emission fleet, transforming the city's bus network. It's a clear example of how public capital is being deployed to drive green transport initiatives at a local level.
- £92.7 million public funding secured
- 186 new electric buses for the city
- Olive Grove depot to receive significant upgrades
- Announced on 2026-03-13
Timeline
Announced
Mar 13, 2026
Signed
Closed
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