Thank you for the question.
I think what we'll benefit from the most is long-term certainty. Having a 12-year outlook cumulatively is very helpful for us. As I mentioned earlier, in the case of the transit dollars, we have a pretty good idea of what that's going to amount to over the next 10 years. Therefore, using dollars from phase one, we're doing about $40 million worth of detailed planning right now. That will prepare us to move into procurement for a 14-kilometre, $2-billion light rail project using the phase two dollars. Long-term certainty is helpful. Ideally, this 10-year commitment that we're looking at now for phase two would roll over and become permanent, so that we can plan the projects that are 12, 14, and 16 years out and do the engineering work on the front end, by using dollars to come in phase two for what would ideally become a phase three or a permanent build on these projects.
The allocation-based mechanism for transit provides us with the most certainty to plan and we can then make assumptions and proceed with expenditures with certainty of recovery. We would advocate across the board that would be an allocation-based mechanism for all of the infrastructure categories.