In our pre-budget submission we used all of the work that's been done over the last several years by the Canadian Association of University Business Officers to put the case forward that there is $5.1 billion worth of accumulated deferred maintenance required by our universities. The average age of a Canadian university is 32 years. You know that's the time at which major systems start to fail.
Of that $5.1 billion, $2.4 billion worth of maintenance has been identified as urgent and priority. So our estimation is that with the $700 million that comes to us in year one and in year two, we will begin to address some of those needs. I can understand that there's not enough to meet everybody's needs across the country's universities and colleges, but we feel we have a very well-documented case for what's required on our university campuses.
On the issue of the range of infrastructure that will be addressed, we have argued--and I said it in my statement--for the infrastructure investments to be available across a broad range of research and teaching facilities. That's how the infrastructure needs have been assessed.
On your third point, with respect to the matching formula, we're well aware of a number of provinces having come forward with their own commitments with respect to post-secondary infrastructure. New Brunswick's made a major announcement on investment. Ontario has done the same, as have provinces across the country. We're hopeful that constitutes a good part of the matching that would be required. We believe both the provinces and the federal government recognize the infrastructure needs that are there.