Thank you, Mr. Chair; and thank you to both of our witnesses for appearing today.
I'm trying to decide where to start in on this. It has been very interesting listening to the testimony from both of you. Perhaps I'll start with Mr. Penner.
I'm trying to boil these issues down to simple concepts. We recently learned that some of the projects funded by the Canada Infrastructure Bank are going to be allowed to charge users to generate profits for their corporate operators. These projects are also receiving essentially low-interest loans through the CIB. The Canadian public is providing inexpensive financing and then is having to pay again through user fees once the projects are constructed.
Based on your opening comments, I'm assuming that you don't feel this is appropriate. I wonder if you could expand a bit on why.