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Financial Report 2008
With an increase in ridership of 15 million trips in 2008, bringing the total number of trips to 382.5 million, public transit is experiencing a period of exceptional growth. Record ridership such as this has not been seen since 1949 and is primarily due to investments by the Ministère des Transports and the Montréal agglomeration under the service improvement program. This program has enabled the company to increase métro service by 17% and to add more than 100 000 hours of non-peak service on some fifty bus routes. This 4% growth in ridership thus represents half the objective set by the Quebec Public Transit Policy, with its target of increasing the service offer by 16% and thus increasing ridership by 8% between now and 2011. This growth in ridership combined with increased control of fare collection thanks to the installation of the new fare sales and collection system contributed to an increase of $15.1 million in passenger revenue in 2008. The Société is determined to continue its efforts to ensure that this trend continues by offering more service in 2009. To do this, it must continue to invest in its infrastructure, carry out its major service improvement projects and acquire new rolling stock. These capital expenditures, which totalled $315.2 million in 2008, include the purchase of new buses ($69.6 million), the fixed equipment renovation program ($85.6 million), the project to upgrade equipment and the new integrated fare sales and collection systems ($43.5 million) as well as the expansion and upgrading of the Legendre bus depot ($60.3 million). [...] Financial Reports available online 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008
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