Thank you, Mr. Chairman, and thank you, Mr. Simard, for the question.
As I understand the question through the translation, you're asking about the structure that's used to finance and about comments made by Minister Freeland back in 2022.
I would probably direct anything related to Minister Freeland's comments back to her.
Going to the financial structure and so forth, the way the company was financed originally was as an acquisition by the government from Kinder Morgan. That acquisition was effectively done through Canada Development Investment Corporation, or CDEV, as the purchaser, and then funding was provided through CDEV and through an intermediary company into Trans Mountain to pay for the expansion project. The initial way that was set up was either as a loan into Trans Mountain or equity into Trans Mountain.
I'm going to speak at the Trans Mountain level, so this is what we see down below. Equity and debt are provided. When the minister changed the financing model in 2022, the project had advanced far enough, and the conclusion of the owner was that we could obtain financing from the public sector. Since that time, the company has, through a consortium of the big Canadian banks plus one of the U.S. investment banks, effectively financed the remaining construction on debt. That is how the project has been financed. The big picture in terms of numbers—