Thank you, Mr. Chair.
I also want to thank the witnesses for participating in today's meeting, including those from Vancouver and the City of Montreal. I will begin with the City of Montreal.
Mr. Perez, you talked about some challenges—to say the least—in terms of public transportation. You also talked about the fund the government announced and pointed out some issues with it, including the fact that it is a PPP and will be awarded on merit. You are not the only one to have shared those concerns. In this committee's meetings, we have heard a number of municipal representatives complain about the lack of information on the terms and conditions of the allocated funds.
Have you obtained more information? What are your concerns when it comes to the way the funding will be allocated, for example to the City of Montreal, with the terms and conditions not yet being well-defined?