Thank you very much.
My next question is for Mr. Clark.
I understand very well that a P3 can be beneficial for a municipality. In fact, rather than go on the market and secure a loan that then appears in the accounting books as a debt, you sign a contract that is so long-term that you voluntarily move from being an owner to a renter.
I would like to know if you agree with the professor from the University of Toronto. According to him, it isn't that we can't afford to carry out a project or build an infrastructure; it's that we are deciding to do it on credit by giving a profit to a private company that has a guarantee for investment and profitability over a very long period of time, which is really quite advantageous for them. We are talking here about a guaranteed contract over 25, 30 or 50 years. The loan does not appear on the municipality's books and, so, it never goes into debt, but in fact becomes a very long-term tenant.
Do you think that is a good way to use public funds?