Thanks very much, Madam Chair.
I was very interested to hear from the Arctic Gateway Group. I'm bullish on the Port of Churchill. I think there's enormous potential there.
One of the things we've talked about at this committee is the necessary investments in infrastructure, particularly transportation infrastructure, when it comes to trade. The government's own national supply chain task force report in 2022 said that between 2020 and 2070, there will need to be 4.4 trillion dollars' worth of investments, which works out to be $88 billion per year.
I'm seeing investments from this government in the range of $3 billion to $4 billion per year, which seems like nowhere near enough, and we're a trading country. Sixty per cent to 70% of our GDP comes from trade, depending on the year.
I took a quick look at the budget. I don't see any money in the budget allocated for anything with respect to the Port of Churchill. Am I wrong in that? What are your infrastructure needs to expand, and are they being met?