I would say that they're not necessarily typically bundled, and this is the whole grey area of what a P3 is or is not. Many of the hospitals we're talking about in Ontario, for example, don't even have an ongoing operating or maintenance phase. There's simply the construction period. The reason we want to bundle the two is that if you are responsible for maintaining an asset for 30 years, you are probably going to take a little more care up front to make sure it lasts, so you will minimize your costs over the life cycle. The more you do that, the more you are probably going to pay up front, but the benefits should be stronger. I think we should be clear about what is and what is not bundled within a P3 space.
On October 16th, 2012. See this statement in context.