Thank you, Mr. Chair.
I want to thank our guests for appearing this morning.
I hope to stay within my five minutes. I'm going to start with questions for Mr. Joy and then for the professor.
Just for clarification, we've heard from a number of witnesses that approximately 15% to 20% of government infrastructure projects would lend themselves to a P3 opportunity, not necessarily that it would happen, but P3s may apply to only 15% to 20% of projects. Would you say that's an accurate statement?