I know others will want to speak on that as well.
First and foremost, going forward, if the bill passes as it is constructed currently, there will be two levels of ports, tier one and tier two, for the purposes of borrowing. A code, which is yet to be finalized, would require more work, we feel, between our officials and Transport Canada, and both sides are committed to coming up with an end product that will make it most efficient. That's a work in progress.
As to the philosophy, we were delighted to see in the bill that the government has shown an interest in proceeding with this kind of mechanism. We are all very pleased. The finer points have yet to be worked out by way of a code.
To the second part of your question, on what we would do, I mentioned in my presentation earlier the size of trade and the fact that it's going to double by 2020. What has to happen is that we make sure, as a port community and as a country, that we don't find ourselves in some kind of infrastructural deficit vis-à-vis ports in the U.S. and indeed elsewhere.
What we will do in our long-term planning—in consultation with others, of course, in our communities—is make sure that does not happen. That infrastructural deficit cannot happen.
There's rising volumes of trade; there's changing trade patterns; there's improving corridors of trade. All of these have to be addressed. The way you address all those concepts is by concrete—building things. That's what we would do, and that's what we haven't been able to do specifically in the past.
But even more, what we have to do is dovetail development with the increase in the trade patterns and volumes that are happening right now.
I'm sure I should share the floor on that one, if I may.