Thank you very much, Mr. MacKinnon.
From the perspective of Canadian municipalities, it is definitely very beneficial to be able to develop innovative tools that help us support infrastructure and meet communities' needs going forward. That said, the government should not set aside infrastructure funding as it is currently proposed, be it by allocation or by program, but rather consider the infrastructure bank as an addition, another element in the toolbox municipalities can use to provide their constituents and the population in general with better services and a better quality of life.
At the Federation of Canadian Municipalities, one of our responsibilities is to ensure that the government will enhance the offer, perhaps through a tool such as the infrastructure bank. However, the bank should not replace the current funding. The government should also not prevent municipalities, in their current programming, to carry out projects that are already planned. That is our biggest concern.