One of the problems we always see when putting projects online is the period of time in which due diligence has to be done, when we have to be able to make sure that the contribution agreements are there, the whole process that is required by the Auditor General. I think it is quite correct to be able to say that we are, as parliamentarians, accountable to Canadians and to the Canadian taxpayers for what we're doing. So there is a legitimate process there.
But when we look at flexibility, we want to see how we can, for instance, accept that an analysis that has been done by province X is an analysis with which we're familiar, with which we're comfortable, with which the Auditor General would be comfortable. What are the general thresholds we're looking at.
It's very mechanical in a sense, but it does consume a lot of time, so we're trying to find ways to make sure that we can bundle things together. I guess the best appreciation of that would be when we go out and do an environmental study. In many cases we do joint environmental studies with the provinces to be able to shorten the period of time.
So when we look at flexible financing, it's a bit like that. The best case here I can give you is the base funding, which is the $25 million a year that we're putting out there for the provinces and territories over the next seven years. That literally has very few requirements. The provinces will submit to us a list of infrastructure priorities for which they would like to see funding, for which they would submit, of course, an amount of money. They would be in for 50% of that amount of money, and we would add on that amount of money.
The gas tax is another great example of flexibility. We turn around and we give the provinces that gas tax. The gas tax basically enables the provinces either to work with the municipal organization--as in the case of the Province of Ontario--or, as I was mentioning to Mr. Laframboise before, as in the case of the Province of Quebec, to determine its own priorities. They've asked for flexibility, and we've given them flexibility.
These are two examples of where we feel that in terms of partnership it has to be all the concerned parties working together, and that's the kind of model we want to develop.