Thank you, member.
I think the FCM has done a good job providing that kind of information to the committee and to the federal government. Essentially municipalities own 60% of the infrastructure, and we have many business lines as you've heard today. We treat water, solid waste. We have all the transmissions systems involved in those kinds of things. In Vancouver we're separating all our sewers. That's a multi-year project where, without federal funding in the past, we were unable to keep up with the need to do that to meet statutory requirements.
We have a broad-based line of business and we very much need senior government investment and the ability to organize that so we can keep up with our infrastructure. You could go around the world and look at the transit infrastructure, and if you look at the transit infrastructure that is being proposed in many municipalities across Canada, the economic benefit of those investments is very clear. If you go to Asia, which is a major trading interest for Canada and certainly for British Columbia, they are, as you know, investing billions and billions of dollars at the national level in building transit infrastructure, because they know it's absolutely fundamental to their economy and to the success of their cities. The vast majority of the public will live in cities. It's important.
We look forward to understanding the specifics of the transportation fund and it certainly is an opportunity that Vancouver and our region and TransLink will be working to take full benefit from.