Thank you, Madam Chair.
I'd like to thank the witnesses for being with us today.
I'm going to start with Mr. Woelcke.
In your remarks, you mentioned a vision of maximizing Arctic trade and the Arctic trade corridor. You mentioned the benefits, including reconciliation and the participation of indigenous communities as full partners.
My colleague spoke earlier in his questioning about—unfortunately—budget 2024. There are no additional dollars towards the critical supply chain infrastructure required.
You mentioned the investment so far. For rail, it's about $150 million to stabilize the current Hudson Bay rail system. You're going to need a $500-million investment in the port itself. You also talked about your three points. One was increasing access to Arctic regions. My colleague mentioned it best—the notion of a sealift. However, you mentioned the investments required for your specific projects.
Do we have the capabilities in other areas of our Arctic regions to handle that additional sealift? Do we have the ports and facilities to address the growth you plan and hope for?