Thank you, Mr. Chair.
My question is for you, Mr. Maki.
According to your regulations, as a Crown corporation, you are accountable to the government. You certainly have to justify the cost overruns on your projects. In addition, I'm sure you need to validate the decision-making process you follow.
I remember that, in 2022, when the cost of the Trans Mountain project went from $12.6 billion to $21.4 billion, the Minister of Finance assured Canadians that there would be no additional public funding for Trans Mountain.
Would you be able to provide the committee with documentation that explains how the project is funded?
The cost of the project is now at $34 billion. Have you actually done anything to obtain financing, in accordance with what the Minister of Finance said in 2022? In other words, did you have to turn to the debt market through financial institutions to finance your project?
Are you able to share with the committee what your financing structure looks like?