Thank you.
Mr. Smith, on page 6 of your deck, you gave examples of recently completed projects. You talked about the marine terminal and the copper mine. I'm particularly interested in marine terminals. I'm thinking again of the Vancouver port and some of things they're going through.
When you say “recently completed”, just how long do you mean? One of the criticisms we've had—and I'm not suggesting we follow their track entirely—is that China is able to go from concept to completion in about three years, and it would appear that after six or seven years we're still thinking about it and different issues. I've heard this criticism in my responsibility as critic for the Pacific gateway, that for a lot of the projects necessary to make our ports competitive, the approval process or review is so long as to be a deterrent.
I'm wondering if you could comment on that.