Re: Public transit driving Montreal economy
- Good article thank you. I forwarded to the Governer of Pennsylvania.
--- In email@example.com, Christopher Miller
> There is a very interesting story from the December 12 Montrealwill
> Gazette. Here is the URL:
> Public transit system helps drive Montreal's economy, study says
> Network saved public $570 million; Board of Trade, Transit Corp.
> lobby provincial and federal governments for cashback
> ANNE SUTHERLAND
> The Gazette
> Sunday, December 12, 2004
> A strong public transit system is essential for the economic
> development of Montreal, a new Board of Trade study concludes.
> For every $100 of investment, the two levels of government get
> $145 in the form of consumer taxes and salary taxes, the study says.Montrealers
> According to the report, which examined data from 2003,
> saved a collective $570 million by using public transit that year.GST
> These savings resulted in increased purchasing power and additional
> and PST revenue to the governments.terms of
> Moving people efficiently from the residential sectors to the
> employment cores is also key.
> "Public transit is important for Montreal to be competitive in
> attracting new industry," Board of Trade president Benoit Labontesaid
> Friday. "Public transit reduces travel costs, pollution and roadsporting
> accidents. Public transit contributes to the success of our
> and cultural events. Try to imagine the Grand Prix or the JazzFestival
> without public transit," Labonte said.public
> It is also a major contributor to Montreal's economy. In 2003,
> transit provided almost 13,000 jobs and operating expenditures of$1.3
> The Board of Trade of Metropolitan Montreal produced the study on
> economic impact of the bus, metro and train system serving theGreater
> Montreal area in collaboration with SECOR consulting and withfunding
> from the Agence metropolitain de transport and the MontrealTransit
> They will use the facts and figures to lobby the provincial and
> governments to pump more money into Montreal's underfunded transitpeople
> "Good transit needs sources of revenue and more than 1.2 million
> use the transit system every day," said Claude Dauphin, Montreal13
> executive committee member in charge of transportation.
> "Eighty-seven per cent of transit fees are covered by the users and
> per cent by the government," Labonte said. "We're looking for ahuge
> government investment from the two levels of government.
> "Public transit is clearly an investment and not an expense for
> © The Gazette (Montreal) 2004
> Christopher Miller
> Mount Rainier, Maryland/Washington DC