Maybe we'll see. There is probably broad agreement that the costs of the infrastructure bank should be borne by the infrastructure borrowers at the end of the day. It's a real question for this committee as to this bank's goal. Is it to reduce interest rate costs, to use the position of the federal government's low interest rate in order to reduce costs for the cities that are going to use this money? Is it a vehicle for investors to get the 7% or 9% they need to pay back the needed returns on the pension plans? It could go either way. It's the decision of this committee.
At present none of the functions as listed in Bill C-44 state that the goal of the bank is to produce rock-bottom interest rates for municipalities. Interest rates are not discussed in the functions of the bank. The investors and the needs of the investors are discussed in the functions of the bank.