I'll respond first by saying that there is a well-established best practice with respect to implementing a P3 project, all the way from doing a needs assessment for the asset to working your way through a procurement options analysis, where you will in fact look at whether the P3 option is better than a traditional procurement. If that is still generating value for money, you then go into the procurement process through an RFQ, usually qualifying three proponents to bid on it. You move into an RFP process, which culminates in your choosing a preferred proponent with whom you will enter into a long-term contractual arrangement. That process would operate the same way for a federal project as it would when we provide funds to provinces, municipalities, and first nations. So that would be the same. What this does, though, is to bring us into the federal family. As a crown corporation in the federal business, we are outside of the federal family. By being an agent of the crown, we're able to share confidential information and provide departments with the very frank advice they're looking for when they're doing their business planning process.
On May 29th, 2012. See this statement in context.