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Finance committee  As far as our assets are concerned, we've received $1.4 billion in appropriations over the years and we have committed a little more than $1.3 billion into 24 projects. Those projects are generating a little less than $2 billion in value for money.

May 30th, 2016Committee meeting

Greg Smith

Finance committee  No. We have $1.4 billion in cash, and that is in support of commitments to 24 projects in the amount of a little over $1.3 billion.

May 30th, 2016Committee meeting

Greg Smith

Finance committee  That's correct.

May 30th, 2016Committee meeting

Greg Smith

Finance committee  I would add that the P3 Canada Fund that is administered by PPP Canada invests in other levels of governments' procuring of assets. We don't hold any assets that are infrastructure assets. We hold the cash that supports our commitments to those other levels of government procurem

May 30th, 2016Committee meeting

Greg Smith

Finance committee  With respect to us as a corporation, we are a corporation. We exist. Our appropriations continue to exist as they always have in main estimates. We continue to govern ourselves appropriately. This is just changing the board's reporting to a different minister.

May 30th, 2016Committee meeting

Greg Smith

Finance committee  Correct. We don't own any of what I call fixed assets. This funding is in support of construction of infrastructure assets. We don't hold any of those assets. We are a transfer payment organization. In order for us to make our commitments to these projects, we have the cash. Tha

May 30th, 2016Committee meeting

Greg Smith

Finance committee  Sure. Those were the applicants to the Building Canada fund within Infrastructure Canada programming. I think the removal of that screen allows those projects to be considered more fully and more immediately for funding. Our role was to provide advice to Infrastructure Canada wit

May 30th, 2016Committee meeting

Greg Smith

Finance committee  We have that now, and it continues to exist. We are a legal corporate entity under the Canada Business Corporations Act, and that continues to exist. We continue to govern ourselves that way. The only change is that the chair of the board reports to a different minister when this

May 30th, 2016Committee meeting

Greg Smith

Finance committee  We're open to that. I think there are plans for Minister Sohi to come to speak to our board. We look forward to having those discussions. At this point we're sitting here prepared.

May 30th, 2016Committee meeting

Greg Smith

Public Accounts committee  In 2013-14, it will be $14 million—

June 6th, 2013Committee meeting

Greg Smith

Public Accounts committee  In 2014-15, it will be $55 million; in 2015-16, $40 million; in 2016-17, $80 million; and in 2017-18 and thereafter we have commitments now for $505 million.

June 6th, 2013Committee meeting

Greg Smith

Public Accounts committee  As set out in the Treasury Board policy that we have to adhere to, we're told where we can invest, what the ratings of those institutions are, what the products are that we can invest in, and the timeframes.

June 6th, 2013Committee meeting

Greg Smith

Public Accounts committee  No, those were approved in 2008, at the inception of PPP Canada, and they still exist.

June 6th, 2013Committee meeting

Greg Smith

June 6th, 2013Committee meeting

Greg Smith

Public Accounts committee  It's over five fiscal years.

June 6th, 2013Committee meeting

Greg Smith