The previous government's policy on a P3 screen proved to be very challenging in working with other partners, including municipalities, to actually get projects approved. It proved very challenging to try to comply with the P3 screen. It delayed projects and it wasn't necessarily the best way from a governance perspective.
Our decision to change the P3 screen does not reflect somehow an aversion to the role that public-private partnerships can play, used properly in the right way. For instance, we're doing a lot on infrastructure right now. There are countries out there, including Australia and the U.K., that use public-private partnerships a lot for developing their infrastructure and they work with pension funds. Pension funds have access to capital at very competitive rates too. With bond yields at historic lows and Canadian pension funds with extraordinary understanding and experience in funding infrastructure around the world, pension funds are active. So it's somewhere in-between. There are some folks on the right who would think you could privatize sidewalks, and some folks on the left who see no role whatsoever, for instance, for pension funds in participating in these projects. We are in-between. Where it makes sense to consider public-private partnerships we will, but the P3 screen wasn't necessarily the best way to move forward.