Great. Thank you.
I have yet to receive the name of a province or territory, but that's fine.
In your mandate letter, you are asked to establish an infrastructure bank so that the federal government can use its strong credit to more easily provide loans to municipalities to finance their many infrastructure projects. By the way, municipalities borrow at a maximum of 2% right now. We know that this infrastructure bank must be of financial interest to private investors. Even Mr. Sabia said that projects should be funded at a rate of about 7% so that it is profitable for the Caisse de dépôt et placement du Québec to invest in this bank.
Can you tell me what the minimum amount of a project will be for this infrastructure bank to accept it? According to the data that we were given in the various discussions and the figures that you have quoted to the House, if I'm not mistaken, the projects should be at least $100 million or $500 million to make it attractive for investors.