From our perspective, we don't manage any of the projects or any of the assets. We're basically a funding partner with provinces and territories. From that perspective we provide some funding through the provinces and territories to municipalities. The gas tax fund would be a great example of that, where predominantly the funding flows through provinces and territories, and then on to the municipalities based on a prorated perspective. The gas tax fund we've indexed now, so there's a growth factor involved in that to meet the increasing needs of infrastructure in municipalities.
On May 5th, 2015. See this statement in context.