More highlights of the 2023 budget include:
STM enhances passenger accessibility with new lifts at Pie-IX and Villa-Maria stationsĭue to the significance of paratransit services in allowing registered customers to travel and play an active role in society in Montreal, STM continues to provide these services despite funding issues by planning 3.4 million trips in 2023, a 15.6 per cent increase over 2022.
It will be possible to re-adjust the service offer throughout the year should the financial parameters change. This includes targeted adjustments following a careful analysis of several parameters, such as service frequency, crowding and travel needs. In order to maintain sound management, STM will put forward an enhanced service offer for the first months of 2023, while awaiting funding confirmation. STM aims to provide a level of service similar to 2022 in 2023, and constructive discussions are currently underway with the company’s financial partners to identify solutions. The additional unavoidable operating expenses to ensure reliable and safe service, some of which had been postponed in 2022.The significant rise in costs per trip and the increase in basic fares for paratransit services.The global indexation of compensation and goods and services in an inflationary context.According to STM, most of this increase is due to three key elements: The planned budget measures are in keeping with our commitment to ensuring sound management, while continuing to preserve the appeal of public transit by improving its performance and contributing to its sustainability,” said Marie-Claude Léonard, Chief Executive Officer of STM.ĭespite the streamlining efforts made in the past few years and STM’s commitment to limit an increase in current expenditures, the agency estimates its losses for 2023 at $77.7 million. However, to do so, we will have to find additional means that align with this goal. While the pandemic transformed travel needs and habits, our target is to maintain a level of service similar to 2022. “STM is facing major financial challenges in 2023 related to the economic climate and funding issues affecting public transit. The Société de transport de Montréal (STM) has announced that it has released its 2023 $1.7 billion budget and 2023‑2032 $20.4 billion Capital Expenditures Program, aimed at providing Montrealers with optimised transit services that continue to meet mobility needs in a challenging financial context and allows STM to better address the challenges that it has faced in its post-pandemic recovery.
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