That's an excellent question, Mr. Ste‑Marie. As always, your remarks are very relevant.
As you can imagine, the provinces and territories have asked me this question, too. We can give you the exact amount. If I remember correctly, there's over $25 billion in additional funding for infrastructure.
The differences you pointed out can be explained by the fact that some amounts are determined on a cash basis. We present the figures according to accounting practice, which is why you see that our investment plan is $280 billion. That's a significant amount, but, on a cash basis, it comes to $450 billion.
It may interest you to know that we were inspired by the German model. When a generational project of this kind was announced in Germany, they were planning to invest 500 billion euros over 12 years. If you convert that to Canadian dollars, it would be about $800 billion over 12 years. We're planning $450 billion over five years. That is generational, and that's what credit agencies and our investors are seeing. They're seeing that Canada's infrastructure plan is one of the largest, if not the largest, in the G7. That's why we want to work with the municipalities, territories and provinces.
