During the past year, the STM stepped up the pace, realizing $550 million in investments, a new high. The STM thus was able to reduce its asset maintenance deficit from $4.3 billion to $3.8 billion.
These actions are in line with the strategic shift geared to improvement of the passenger experience, deployed by the STM in 2015. This shift targets delivery of the promised passenger service and infrastructure maintenance.
Between 2017 and 2020, the STM will continue in this direction with $4.5 billion in investments. During this period, the STM will invest more in asset maintenance than over the past 10 years combined.
These investments are made possible by the unfaltering financial support of our partners, the Montréal Agglomeration, the Gouvernement du Québec and the Government of Canada. The STM is the 15th largest corporation in Québec and represents a major economic force for the province. Its activities generate over 13,000 direct and indirect jobs and support more than 2,200 suppliers in 15 regions.