Friday, November 21, 2008

MW: tariffs will increase by 3.3% in 2009



As confirmed Thursday that the Montreal Transit Corporation (STM), fares will increase by 3.3% in January to users of public transportation.

Thus, the title monthly transport will increase from $ 66.25 to $ 68.50, while the ticket will remain at 2.75 dollars. All information on the 2009 grid tariffs of the STM are available on the website of the STM.

STM alleges that the titles monthly increase according to the average indices of consumer prices (CPI) and prices for transport (IPT), which is set at 3.3%. "With good management, our innovative financial strategies (SWAP oil) and efforts to streamline our operating expenses, we managed to freeze some tariffs, introduce new products and to limit tariff increases subscriptions at a low level "says Claude Trudel, Chairman of the Board of Directors, in the press release issued on Thursday.

Claude Trudel advance that the traffic has increased by 4%, and that the STM will finish the year with an increase of 15 million trips. He contends that despite reinvestments, the 2009 budget of the Montreal Transit Corporation spends billion dollars and anticipates a shortfall of $ 38 million. This encourages the STM to seek funding sources "stable and recurring" to offset rising costs of investment and service improvements.

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