Agreement Value:
$18,500,000.00
Agreement Date:
Jul 17, 2026 - Dec 31, 2041
Description:
The project’s objective is the creation of a flexible, modular bus platform – The One Prevost Platform (OPP) – that allows the same vehicle design to be produced with different power systems such as clean diesel today and electric or hydrogen technologies in the future.The project’s work phase is scheduled to end on March 31, 2031.
Organization:
Innovation, Science and Economic Development Canada
Expected Results:
This investment will allow the company to reduce bus development time and cost, accelerate the introduction of low and zero emission buses, enable long term fuel cost savings for operators, and ensure that Canadian built vehicles can adapt as technologies and regulations evolve. Support for this project will preserve jobs threatened by tariffs and reinforce the local economy in the rural community of Sainte-Claire, Quebec.
Location:
Montreal, Quebec, CA H3B 4M7
Reference Number:
033-2026-2027-Q2-820329
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
824507750
Recipient Type:
For-profit organization
Amendment Date
0001-01-01T00:00:00
Recipient's Operating Name:
Prevost
Recipient's Legal Name:
Volvo Group Canada Inc.
Federal Riding Name:
Ville-Marie--Le Sud-Ouest--Île-des-Soeurs
Federal Riding Number:
24077
Program:
Strategic Response Fund - Tariff Affected Sector Support
Program Purpose:
Encourage R&D that will accelerate technology transfer and commercialization of innovative products, processes and services;-Facilitate the growth and expansion of firms in Canada;-Attract and retain large scale investments to Canada; and-Advance industrial research, development and technology demonstration through collaboration between academia, non-profit organizations and the private sector. Increasing manufacturing capacity; Improving production efficiency through improvements to plant and equipment.