Thank you very much, member.
Well, the total cost of our project in current dollars is approximately $2 billion. As Mr. Dobrovolny indicated, that's all in. That includes rolling stock, construction, and all the associated infrastructure that goes with the expansion of the system. Usually our experience has been that it's a third, a third, and a third share among the federal government, the province, and the local region. I think the transportation fund is certainly a very welcome addition. There's still considerable uncertainty about how it's going to work, and what is indicated by officials in Transport Canada is that it is a financing fund, that it's not an actual fund fund. I think one of the most important things for municipalities is that the difference between financing and equity is really important. We have access to financing at very good rates through the city, so understanding what that actually means, what the impact will be on the city, and how to plan for that is critically important for us to know.
As the representative from Montreal indicated, there are many, many different pieces that we have to get into line to actually take a project and implement it and move it forward. Our plan is a 10-year plan, so we need certainty as quickly as possible about the amount of the funding, what the format for it is and what that will mean to the city, and how the contribution of the federal government will flow and what the profile is of that cash flow, in order for us to then understand what the province is going to do, whether it's a P3. That completely changes your procurement processes. It is enormously complex. I think all municipalities would agree that the more certainty and clarity, the simpler and more streamlined it is, the better the ability for us to map it out and realize how this is going to work, and then put it into our critical timelines.
You've seen the lineups on Broadway. They are there now. They have been there for some years. It's very critical, and some of the additions that are coming on stream will make that worse, if we don't get on with this project.
To put it as simply as possible, it's about clarity, certainty, simple processes, and really understanding what is the nature of this really important opportunity that the transportation fund appears to be presenting to us, so that we can then build that into our plans.