Madam Speaker, I am curious if my colleague is aware that municipalities currently deal with banks. They borrow money for projects. The City of Kingston, for example, currently deals with the Toronto-Dominion Bank. When cities work on larger projects, quite often there are other provincial resources they can dip into that are just another form of a bank. Where does the province get the money? It goes to a bank.
What makes this particular infrastructure bank unique is that it takes advantage of available capital throughout different parts of the world that can be put into one bank that can specifically be used for infrastructure projects of this nature for municipalities to use.
Municipalities already deal with banks. There is not much of a difference between the infrastructure bank that is being proposed and the banks they already deal with, whether at the private level, by accessing through provincial banking systems, or by actually using large capital available, like this. I am curious if she is aware that municipalities are currently doing this.