Our decision to put in place the Canada infrastructure bank was based on our understanding of both the needs we have in Canada and the situation around global capital.
With respect to the needs we have in Canada, clearly we're going to make significant investments over the next 11 years. We've committed $180 billion, but the needs are greater than that. We can actually invest more over time in order to have an even bigger impact on our economy and to have a more productive economy in the long term.
In thinking about how we can have a greater impact, we looked at what other opportunities there are. We have the lowest interest rates in history right now. We have a huge desire from long-term investors to invest in infrastructure. Putting those two things together, we can see that we can attract capital at a very attractive cost, capital that would be interested in the kinds of investments we have here. In our estimation, it's a win-win. We have more impact for more Canadians today, with more jobs, and in the long term, a more productive economy, while creating the opportunity for investors to invest in long-term projects that can make a difference for, in many cases, pensioners and others who are seeking to have those long-term returns.