Thank you for that question.
Through you, Madam Chair, part of my mandate letter is about the creation of the infrastructure bank. This is what I envision the role of the bank will be. How do we support municipal infrastructure where municipalities don't have the capacity to borrow, or if they borrow, they borrow at a higher rate? What role can the federal government play to give them low-cost loans or loan guarantees over a number of years, so they can do their matching in cases where they don't have the capacity to match?