Our position would be that it will be the investors who will really be profiting from the infrastructure projects that are selected, but also, their revenue will be through user fees and tolls on the public, so it will be higher-cost financing, because we know that the investors are looking for 7% to 12% returns—depending on what you look at—from their investments.
If you look at the long-term costs in terms of the financing for these projects, that alone is a lot more over the long term. Then if you look at the revenue generation piece around user fees and tolls, it's going to be the members of the public who will be receiving a really regressive form of taxation, and that will disproportionately affect lower-income Canadians.