The municipal council unanimously adopted a direction to approve By-law R-227 of the Société de transport de Montréal (STM). This by-law would authorize a loan of $6,968,923 to finance Phase 4 of the Technological and Security Risk Management Program (PGRTS4). The loan is planned for five years and includes net taxes from rebates and financial fees.
The direction also aims to approve an amendment to the Capital Program (CP) 2026-2035 of the STM.
The locations affected by the program: No publicly available information.
The STM could borrow to finance Phase 4 of its technological and security risk management program. The decision does not specify the works or facilities involved.
The authorized loan would be $6,968,923, including net taxes from rebates and financial fees. Its term would be five years. The cost of the amendment to the CP 2026-2035: No publicly available information.