Sure.
It's an interesting way of looking at the issue. I would echo what Michael said: above all, when you boil all of this down, the need for stable and secure funding is what's paramount. Not only does it send the signals to the public sector that there are going to be investments continuing in the future, but it also sends the signals to the private sector, as Michael was saying, that they can plan their activities for the coming years as well.
The key there is that it has to also be for the long term, while being stable and secure. At the risk of being too repetitive, I'll say that the long-term nature is of critical importance.
On the question about risk transfer, this is exactly part of the reason that the goal of the federal government should be to build the capacity of municipalities to manage those contracts, which, as I said before, is a skill set that's relatively newer on the procurement side and will allow municipalities to have a greater understanding of what exactly a P3 entails.
When all the parties are at the table with the same level of information and with an adequate skill set, that's when P3s really shine as an example, but getting there is where we're at now. Especially at the municipal level, we have a little ways to go. That's why we so appreciate being here today to talk about it.