Federal budget: Pleased with the federal budget, the STL intends to make the most of new investment in public transit

LAVAL, QC, March 24, 2016 /CNW Telbec/ - The Société de transport de Laval (STL) is pleased with the measures contained in the Infrastructure and Investment Plan announced by the Hon. Bill Morneau, Federal Minister of Finance. The investments announced in the budget are a significant step forward to ensuring the long-term financial planning of public transit. The STL would also like to take this opportunity to highlight some of the priority projects taking place in its area of service.

"The creation of the Public Transit Infrastructure Fund is a step forward to ensuring the short term sustainability of the equipment and services that we already have in place" says David De Cotis,  President of the STL's Board of Directors. As a part of the 924 million dollars dedicated to Quebec over a three-year period, the STL plans to consolidate the financing required to acquire new buses, build new storage and maintenance infrastructures for vehicles and pursue the development of preferential bus measures (PBM).

Additionally, the STL believes that the second phase of the Infrastructure Plan's 48 billion investment, which will be rolled out as of 2018, represents a major opportunity for Laval, and more globally, for the Montreal Urban Community, to implement a long term vision for the development of the Metro system and the finalization of the blue line. "Our intention is to offer the citizens of Laval transportation solutions that meet our goal of encouraging sustainable mobility throughout our service area" adds David De Cotis.

SOURCE Société de transport de Laval

For further information: Daniel Boismenu, Interim Director, Communications and Marketing, 450 662-5400 extension 2360, dboismenu@stl.laval.qc.ca