The municipal council unanimously adopted its direction in favor of regulation R-215-1 and the amendment of the Capital Program 2026-2035. This direction will be presented to the agglomeration council.
The regulation would modify the purpose and wording of the loan from the Montreal Transport Corporation (STM) for the project 'Reno-Infrastructures – phase 4'. It would increase the authorized loan from $400,000,000 to $640,000,000, for a term of 20 years.
The resolution concerns the financing of STM infrastructure. It does not specify what work will be done or where it will take place. No publicly available information.
The proposed loan is $640,000,000, including net taxes and financial fees, for a term of 20 years. The breakdown of expenses is not specified. No publicly available information.