The Montreal City Council unanimously adopted its orientation in favor of Regulation R-216-1 of the Société de transport de Montréal (STM). The regulation is to amend the loan regulation R-216 for the project 'Réno-Systèmes – phase 6' and increase the authorized loan from $500,000,000 to $710,000,000. The council also approved an amendment to the Capital Program (CP) 2026-2035.
This is a direction from the City Council in view of the Agglomeration Council meeting on August 27, 2026. The text does not confirm that the Agglomeration Council subsequently adopted the regulation.
The STM could borrow up to $710,000,000 to finance the project, over a period of 20 years, if the regulation is adopted. The text indicates that the amended regulation would also change the purpose and wording of the loan.
The planned works and the facilities or areas of Montreal concerned: No publicly available information.
The authorized amount would increase from $500,000,000 to $710,000,000. This amount includes net taxes after rebates and financial fees. The duration of the loan would be 20 years.
The details of the project costs and the amendment to the CP: No publicly available information.