Incentives for upgrading to LNG-fuelled locomotives
We can provide up to 60 per cent of the incremental cost of upgrading to a natural gas locomotive versus the equivalent diesel locomotive. This includes the capital costs associated with the locomotive and the fuel tender car. FortisBC is accepting incentive applications from January 1, 2020 to December 31, 2020.
Owners of locomotives and fuel tender cars operating in BC are eligible to apply.
How to apply
- The completed application form, signed by the applicant, must be submitted to email@example.com by 11:59 (PST) on December 31, 2020. Late applications will not be considered.
- Once awarded, successful applicants must sign a vehicle conversion contribution agreement with FortisBC prior to submission of a purchase order for a natural gas locomotive or natural gas conversion kit. To obtain the contribution agreement, please contact Arvind Ramakrishnan, FortisBC manager, customer solutions NGT and regional LNG, at 604-592-8210 or firstname.lastname@example.org.
The incentive program provides a base incentive of 10 per cent of the incremental capital cost of a qualifying natural gas locomotive and fuel tender car, or a natural gas conversion kit, and an equivalent diesel powered locomotive. Some customers may be eligible for additional incentives, for up to 60 per cent of the incremental cost.
Evaluation process and additional criteria
Applicants must meet the following minimum criteria:
- Equifax Credit Information Score of 30 or less
- Equifax Payment Index of 45 days or less
Incentive awards will be made entirely at the discretion of FortisBC.
You should receive an automated email response confirming our receipt of your application and our anticipated response time for processing your application.
Coming soon: incentive funds up to $40 million for Renewable Natural Gas (RNG)
Interested in fuelling your locomotive with FortisBC’s RNG, to reduce your emissions even further?
We’re developing the eligibility requirements, incentive structure and overall terms and conditions for this incentive program, and will be posting them here.