I'm happy to see the discussion has moved away from the concept that P3s are about financing and accessing sources of capital, that the government can't afford to do things, so the private sector is going to do them. We're still paying for the hospitals we're building. We're paying for them over a longer period of time.
The truth is we couldn't afford to deliver them the way we were previously delivering them. There's no question that financing costs are embedded, and involving the private sector has a cost. The track record of the government in delivering projects in the traditional fashion was something we couldn't afford to do. When IO was created, there was a project in Sudbury, a hospital shell sitting vacant, no skin on it, with the wind blowing through it. It had been stopped because they had run out of money; the budget had been blown. It was not the only example. They were looking into what happened in Thunder Bay and in Peterborough. Private finance won't put up the money for free, but they take risks that we were not managing well, and that frankly we couldn't afford to manage.