First, I'll talk about investments in the Arctic. It's about 10 times more expensive to build in the Arctic than it is to build in the south. The calculation of spin-offs is very different in the far north.
Second, we need infrastructure investments in the north. Economies of scale are very different. If the government is not there to subsidize the required infrastructure, there will be no economic spin-offs for private sector investors.
The budget is ambitious. As I said, it's not just a matter of money, but of how the money is spent. Policies, procedures and architecture also need to be adapted.
Quebec, in particular, is an integral part of any industrial strategy and any defence investment strategy. On the one hand, Quebec has the closest port to Europe. The government has already said that it will invest in the Port of Montreal. On the other hand, Quebec would be indispensable if ever we wanted to invest in critical infrastructure to export liquefied gas, in particular, to Europe. It has to go directly through Quebec. We could also ship it through New Brunswick and export it directly from there.
Quebec benefits enormously from equalization payments from the Canadian federation. Therefore, it also has a certain obligation to help generate revenue for Canada in order to meet expectations.