Thank you very much, Mr. Chair.
I'm going to ask a very simple question in order to understand the mechanism used to transfer this money.
Suppose that funding of a provincial or municipal infrastructure project is based on a sharing formula of one-third, one-third, one-third. The city is ready to go ahead immediately with a project to repair its water and sewer system. If the project costs some $30 million, the federal government will give $10 million to the Province of Quebec, which in turn will redistribute it to the municipality.
How does this all work? Are funds allocated immediately to a province or are they only disbursed at the end of a project?