The municipal council unanimously adopted its direction in favor of By-law R-015-3 of the Société de transport de Montréal (STM). The by-law will be submitted to the agglomeration council on August 27, 2026.
If approved, it will modify the purpose and wording of the borrowing by-law related to the Bus Priority Measures Program (MPB). It will also increase the total authorized borrowing to $123,235,302, for a term of 10 years. The municipal council also supported an amendment to the 2026-2035 Capital Program.
The decision concerns the financing of the STM's bus priority measures program. The municipal council has expressed its support, but the agglomeration council still needs to deliberate on the by-law.
The streets or facilities targeted by the program are not specified. No publicly available information.
The by-law provides for an additional borrowing of $28,423,532. The total amount of the borrowing would be $123,235,302, including net taxes and financial fees, for a term of 10 years.