Through this agreement, STM will benefit from the replacement of part of its fleet at a lower cost.
Montreal-based architecture photographer, Chris Forsyth developed a photo series covering the often overlooked art and architecture of Montreal’s internationally renowned metro system. His objective is to show people that beautiful architecture, art, and design is accessible and present in all spaces.
With funding approval completed, the contract now enters into force and the final price has been fixed using the applicable exchange rate. The contract is valued at $1.18 billion.
The contract is estimated at approximately $1.2 billion. Bombardier's share is estimated at $725 million and Alstom's share is estimated at $482 million. The contract will enter into force, and the final price fixed using the applicable exchange rate, when the usual steps of funding approval will be completed.
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