Not entirely. This is a silly, complex issue in that the budget reports on the funds that leave Ottawa and are sent to the project partner, in our case municipalities, but the way the federal government administers its application-based programs it doesn't send the cheque to the receiving municipality until an original receipt is submitted here in Ottawa from the municipality.
Municipalities typically don't pay off their contractors until the project has received final approval, which includes after final engineering assessments. It could be three years after the project is finished. This means there's a massive delay between when a project is approved and when the money leaves Ottawa. You'll see that in the budget; $6 billion in funds have been reprofiled from programs that go back all the way to 2004.
So in our mind the budget profile that's seen in the budget isn't as important as how the program is developed and designed, and that will happen in the next six or eight months. This will give an indication of the pace of project approvals the government will be following.
Our expectation is, and our position is, that the new building Canada plan should be maintaining investments roughly at the average, if not more so, of the past seven years, which is $1.25 billion. The new program allows for about $1.4 billion on average over the next 10 years, so it will be really important to see that project approvals are maintaining that pace as we move through the first few years.