No. The key thing here is that there was a public alternative, a public bank, that was available to the government, and it appears that this was the original plan in terms of the low-cost financing that was in the mandate letters. At some point, that shifted to higher-cost financing. It is going to cost more over the long run to all Canadians, whether through higher-cost borrowing....
If you created a public bank, the bank itself would be able to borrow at very low interest rates. You would capitalize it initially, and then the bank would be able to borrow at lower costs. I am not clear on why private financing became part of it, except to funnel money through public infrastructure projects into private sector pockets.