Thank you very much for the question.
Budget 2024 provided Parks Canada with $545.1 million specifically to support investments in capital assets in Canada's national parks, marine conservation areas and national historic sites. This funding has allowed Parks Canada to strategically undertake priority, time-sensitive capital investments and repairs across its portfolio of assets.
Primarily, the focus has been on assets of highest risk. Obviously, waterways are important assets that Parks Canada is a custodian of. We regularly prioritize this with a risk-based approach to make sure we're addressing the infrastructure needs in this portfolio. It's a very complex portfolio, as you can imagine. The replacement value of the overall portfolio is roughly $32.8 billion, so we take that risk-based approach to prioritize certain projects, such as the one you referred to.