Currently, what we have in place for the larger ports would be the borrowing limits. The airport authorities or a private business just doesn't deal with artificially set borrowing limits. What we would like to see is, ideally, a more flexible process whereby the ports would be able to go out and finance projects in the same way an airport authority or a private business would be able to.
We talk a lot about flexibility. It goes a bit beyond that. I was talking with one of our ports the other day, and I think his challenge is an interesting case study. They have the opportunity to expand within the confines of their current land, but to do that they need to move some things around. They need to move part of their cruise operation to another part of the harbour. It would have tremendous benefits for that part of the community. That traffic would revitalize businesses, shops and restaurants, and doing that would open up container terminal capacity. The borrowing limits mean that even though that project in its entirety may be commercially viable and able to provide a good financial return, they don't have the ability to go and borrow the funds required for it. Now they're looking for funding. With the national trade corridors fund, you can get funding for the container part of that project, but that's not where the costs are; the costs are on the cruise side. Maybe a regional economic development agency might be able to fill the gap there, but they're not eligible for those funds.
Will they figure it out? Of course they will. Our ports are innovative and will find a solution. However, an airport authority would not have the same challenges. It would be a very different situation.