Before I begin, I just want to address what's happening in your community and the shunting operations going on there, and also address the question raised by Mr. Hardie regarding rail relocation and the cost.
I want the committee to understand very clearly that under the Railway Relocation and Crossing Act, the cost is not fully borne by the federal government, nor municipalities, nor whomever they can patch together to pay for this. In effect, if you are giving an efficiency gain to the railway, you are entitled to recapture that gain over a 20-year period. So if, through a relocated line, we are giving BNSF enhanced access to Fraser Surrey Docks, that transit time and the benefit that it grants is to be recaptured over a 20-year period.
So it's a huge saving, and as well there are other matters in relocation that, of all the policy statements I've read behind acts, as a lawyer, I put the Railway Relocation and Crossing Act as one of the most important tools available to communities and provinces and the federal government that I've seen.