Thank you very much, Mr. Chair.
I would also like to thank our guests for being here today. I am really enjoying this study. I think it should come as no surprise that a lot of the testimony is very consistent with what you've presented here today, and I find that encouraging and reassuring as we continue with our study.
I'm a member who represents both a fairly significant urban area as well as a rural area. In the rural area, I have 23 small communities. The interest in the P3 model is growing, and the infrastructure issues and the ability to address them are definitely relative when you compare a small community with a large one.
I want to ask if you've done any work in looking at how to reduce the administrative costs of P3s so that smaller communities or municipalities can take advantage of this tool. We've heard about bundling projects, but have you looked at whether or not there is an ability for regions to come together to consider projects and take advantage of the P3 model?
Either of you can answer that.