Thank you, Madam Chair.
I just have a few questions with respect to your comments about life cycle of railways, but I'm going to take it a step further. I'm going to refer to the life cycle of all transportation-related infrastructure, whether waterways, railways, roads, or airports, etc.
Currently there is a strategy that the minister has established, and this legislation, Bill C-49, will complement that strategy when we get it. With that there is going to be—I spoke about this with other witnesses—a need for infrastructure investments as it relates to life cycle, replacement maintenance, and ultimately replacement of those assets 30, 40, 50, 60 years down the road.
My question for you as engineers, as folks who are part of transportation-related systems, is do you find that the life cycle is actually being abided by? Are the strategies and asset management plans being put in place? That's my first question.
My second question is, are those asset management plans actually being financed?