Thank you, Mr. Chair.
Mr. Ferguson, thank you for appearing before the committee yet again.
Thank you, as well, gentlemen. As witnesses, your contribution is important. It will help us better understand the issues raised in the Auditor General's report.
Mr. Ferguson, in paragraph 35 of your report—and this came up briefly earlier—you refer to a significant deficiency in the NCC's maintenance of its assets. In its response, the NCC said it lacked funding, having not received a funding increase since 2009-10. I'd like to hear your perspective on that.
Is it strictly a matter of money, as the NCC claims?
Does it have to do with planning, or does it come down to priority-setting around asset maintenance?
I'd like to know your take on that before we hear from the NCC officials.