One of the things I think we have to do with respect to public-private partnerships is get the transactional cost down. Right now, because they are so expensive to deal with because of the legal agreements, complexities, etc., you need a minimum threshold of project size or value before it makes any sense. We have to do something about bringing those transactional costs down before they're going to become lucrative for municipalities, for example.
Number two, very quickly, one of the constraints Canadian firms have in participating in concessions, particularly where they're foreign-led, is that our balance sheets aren't as healthy as those of the European contractors, for example, because we've relied on the surety bonding mechanism to leverage our balance sheets by a factor of 15 to 20 times. Surety bonding is unknown in Europe. When it's a foreign-led concession, particularly from Europe, they demand letters of credit. They will not accept surety bonds. It puts Canadian design/build companies at a disadvantage in those circumstances.
So in looking at how you can incent more Canadian homegrown—if you will—P3 participants, look at some of the financing restraints.
One last one...?