It's funny you should ask that because the first project we actually approved under the new building Canada fund was a P3 project in Edmonton for their light rail project. That was our first and our only one so far. There will be others. We hope there will be others.
The way that we deal with P3s through the new building Canada fund is that we look at projects that hit a threshold of a total project cost of $100 million. Once you hit that threshold, we do a P3 assessment to see if the project would be viable as a P3. It means we have to go through a suitability assessment with the proponent, make sure that we do almost like an initial screen and then, if that's positive for a P3, we do a procurement options analysis that will tell us what kind of procurement method would be best suited for that type of project.
If the analysis shows that it's going to be a P3, then that's going to affect our cost-sharing ratio. In most cases we will cost share at 33% for a project. If it's a P3, it would be at 25%.