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11/11/2020
The Societe de transport de Montreal (STM) yesterday published a CA$1.5 billion 2021 budget and a 2021-2030 capital expenditures program, which calls for investing CA$18 billion across the system.
The 2021 budget is CA$9.5 million less than the agency's 2020 budget, STM officials said in a press release.
STM committed to maintaining its 2019 level of service through fall 2020 and 2021. It also plans to continue rolling out sanitary equipment and maintenance measures during the COVID-19 pandemic.
“For the first time in many years, supply is not being determined by demand, but by our moral obligation to make sure that we and our 11,000 employees are providing our customers with the safest service possible,” said STM Chief Executive Officer Luc Tremblay.
STM's capital expenditures program calls for CA$18 billion to be allocated over the next 10 years to improve infrastructure reliability and service offering. The investment will fund the Blue Line extension, metro station renovations and accessibility projects.
The capital investment level is stable compared with last year’s program, STM officials said.