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Financial Report 2003

Financial Report 2003 Icon of a PDF document PDF  Document (1 640 K)

Decisions that are a long time coming

We are pleased to present the 2003 financial report for the Société de transport de Montréal (STM), showing a surplus of $303,000. During the preparation of our 2003 budget, we were counting on the implementation of certain recommendations from the Bernard report in order to make up for a shortfall of $15 million.

Cover page of the 2003 Financial report

Despite our greatest hopes, the financing problem was not resolved during the year. We estimate the investments that will have to be made in our network over the next ten years to ensure dependability and quality of service at close to $3 billion. It is clear that the STM cannot assume these massive investments on its own. Without a new financial framework and without the staunch support of its partners, it will not be able to fulfil its obligations and support its ridership. It is imperative that decisions in favour of public transit be made quickly in the interest of its customers and the community.


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