I'll take your question in three parts.
The first benefit that is coming from this project is the construction. I don't have in front of me the number of jobs that we estimate that construction will support, but $2 billion-plus of construction will create significant employment for construction trades workers and significant demand for those workers in the greater Montreal area.
The second benefit is around the fiscal benefit that you speak to. The CIB has made a loan that is repayable and charges interest in that project. What that means is that, over time, users of that port terminal who pay charges to get their containers lifted off the ship or to use the port will generate revenue that is used to repay the CIB's loan. Now, the private sector won't provide a loan like that, because the timing of when those ships arrive and how quickly demand ramps up are uncertain. What the CIB's financing is willing to do is be patient in terms of the timing of when that demand growth happens and to be repaid as it materializes. That's what's enabling the project to proceed.
Finally, I want to speak to the broader economic benefits that this project provides. Think about the value of improved container terminals both for Canadians—from an affordability perspective as they think about the ability to access goods and services from global markets—but also for local firms that are thinking about serving the world and diversifying to new markets. They need reliable access to trade and to container ports that have clear delivery timelines and speedy flows and are cost-effective and efficient. That's part of what the Contrecoeur project is enabling. It allows the greater Montreal area and eastern Canada to attract new businesses, to trade with the world and to not rely on using U.S. seaports.
