Thank you, Mr. Chair.
Good morning, Mr. McBride. I'm glad you're with us today.
In the beginning, I was a bit disappointed by your presentation. You spent a considerable amount of time extolling the virtues of PPPs in an ideal world. But I wanted to hear more about what you have done, at the end of the day. You said, for example, that you were a leader, a model for others, but I wish you would have explained what makes you a leader. I have yet to see or hear anything in that regard. You also said that you're protected when entering into PPP contracts because of the solid deal structure in place. I wish you had elaborated on that as well.
Would you be able to provide us with documentation outlining your deal structure, to show us that when the government enters into PPP contracts, taxpayers are well protected? I would very much appreciate that.
You indicated that so far you've funded 12 projects for a total of $387 million. What kind of funding is it exactly? What elements does the funding cover? Is it meant to provide cash flow or to bring down interest rates? I would like you to talk about that.