Mr. Chair, this amendment is along the same lines. So I will not spend so much time on it.
This is about requiring the bank to submit plans for the project to the designated minister who may, with the concurrence of the Minister of Finance, recommend it for approval to the Governor in Council.
The objective is to make the government responsible for the expenses that the bank commits to, and, in cases of improper authority, dubious financing, or when projects end in complete failure or turn into white elephants—something we have previously seen here in Canada—the ministers are required to be accountable for it and they cannot decline all responsibility using the arguments that we have heard so many times: this is a crown corporation, it is free to do what it wants, we are not responsible, the corporation makes its own decisions, and the government plays no role.
This provision will give Canadians the assurance that the government is responsible for the actions of the bank, because infrastructure projects will have to obtain the concurrence and approval of the Governor in Council.