The City of Montreal definitely wants to prioritize the rehabilitation of important infrastructure, such as underground and road infrastructure, without leaving out public transportation and other municipal facilities. We do have a significant deficit in terms of assets in that area, and there are various reasons for that.
Since its establishment, the Building Canada Fund has been giving us significant amounts of money, so that we can invest and make up the deficit. Nevertheless, to date, our deficit in terms of water infrastructure, for example, is about $3 billion, and it is $750 million in terms of road infrastructure. We receive significant funding.
Through Montreal's capital works program, we plan to invest 75% in existing infrastructure and limit our investments in new facilities and infrastructure to 25%, so as to ensure a balance between adequately maintaining our existing infrastructure and making up the deficit.
In 2015, for the first time in modern history, the City of Montreal reduced its budget, which is almost $5 billion, to show that it is doing the work it needs to do.