Investments in public transit: great news for the city’s economic development

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Added on 6 April 2016 in Press releases

Montréal, April 6, 2016 – The Board of Trade of Metropolitan Montreal is delighted with the significant investment announced today by the federal government to repair and maintain public transit infrastructures in the metropolitan area. The $775 million represents around 84% of the budget granted to Quebec for public transit infrastructure in the federal budget last month, which will meet the daily ridership needs in Greater Montréal.

“The business community is pleased that the federal government recognizes the importance of public transit as leverage for the city’s economic development,” said Michel Leblanc, President and CEO of the Board of Trade. “Prosperous cities are those with a fluid transportation system. The economic benefits from this improvement in the public transit system and a possible increase in its use, which hopefully will reduce the costs of traffic, easily justify the investments announced today.”

About the Board of Trade of Metropolitan Montreal

The Board of Trade of Metropolitan Montreal is made up of over 7,000 members. Its mission is to be the voice of Montréal’s business community and to promote the city’s prosperity. It is involved in key areas of economic development, advocating a philosophy of action based on engagement, credibility, proactivity, collaboration, and innovation. The Board of Trade also offers a range of specialized services to individuals and to businesses of all sizes to support them in their growth at home and abroad.

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Source: 
Guillaume Bérubé
Advisor, Media Relations
Board of Trade of Metropolitan Montreal
Phone: 514 871-4000, extension 4042
gberube@ccmm.qc.ca

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