Thank you for the question.
We work very closely with the Major Projects Office, as identified in the statement of priorities and accountabilities that was issued to the CIB earlier this year. We prioritize investments in projects that have been referred to the Major Projects Office.
What that looks like on a day-to-day basis is that the Major Projects Office is working to ensure a coordinated federal presence on those projects, looking to ensure that they have a clear path to securing regulatory approvals and defining the projects. The CIB works closely as a source of financial expertise with the Major Projects Office in order to assess the overall economics of the project and think about how our tools can support getting that project into construction, becoming part of the 89 projects we have across the country under construction.
We're seeing results from that so far. As you may have seen, we announced an investment in the port of Montreal's Contrecoeur expansion terminal. It's a loan from the CIB to support expansion of container shipping on the east coast, so that businesses have reliable access to global markets and aren't reliant on shipping through U.S. ports.
We announced a loan to Nouveau Monde Graphite, another project that's been referred to the Major Projects Office, to enable them to proceed with construction on a critical minerals project outside Montreal. We're working very closely on a number of projects across the Arctic, such as the Grays Bay port and road, which we're supporting with our project acceleration initiative. It provides early-stage capital to these projects to help them become shovel-ready.