AMT running out of cash
The Metropolitan Transit Agency has a problem familiar to many people.
It's running of money to fund transportation projects.
The 3-year capital works plan projects a funding deficit of $2, 900,000 in 2015 and a shortfall of $27,000,000 in 2016.
By 2020 the deficit could hit $200,000,000.
AMT President Nicolas Girard says the agency is unable to keep up with the demand for new services from municipalities without finding new income sources.
Girard says simply fulfilling current commitments will strain available resources, and if no new funding sources are available then some projects will have to be cut.
He tells La Presse that the AMT is not allowed to run a deficit.