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Financial Report 2004

Financial Report 2004 Icon of a PDF document PDF  Document (674 K)

A powerful engine of development

We present here the financial report for the Société de transport de Montréal showing a deficit of $6.3 million, while the 2004
budget of $811.3 million predicted a shortfall of $20.4 million. This result was made possible thanks to the tight control
of expenditures, to the decision of the Canadian government to reimburse the GST in full ($4 million) and to the increase of $2.4 million in the contribution from the Agence métropolitaine de transport.

Cover page of the 2004 Financial Report

While the governments are “going green”, public transit is struggling for air. It is, however, at the heart of a true sustainable development strategy. In fact, for each kilometre travelled, a transit user causes four times less air pollution, consumes five times less energy and uses twenty times less space than a car driver. All these conservation savings represent gains of several million dollars to add to the revenues of more than $937 million that public transit generates in the Montréal area. These arguments demonstrate, without a doubt, that public transit is a powerful engine of economic development and that any investments made will benefit the entire community.


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