Thank you very much, Sean.
It's a real pleasure to be here. I'm calling in from the traditional territory of the Algonquin people. I'm actually first nation from northern Ontario, the Sand Point First Nation.
It has been an absolute pleasure to be working on this project with Sean. I've known Sean for many years. His passion for this work is palpable.
Our entire team is proud of the way A2A Rail will be built. We have conducted extensive engagement with communities along the route, but beyond that, we’re also in the process of reaching a number of equity agreements with our indigenous communities. In fact, I was on two calls today, one with a community in the Northwest Territories and one in northern Alberta. We have communities all along the route that are incredibly excited about this opportunity and we're engaging with them. As Sean mentioned, we're seeking their input very early on. We flipped the process on its head. We strongly believe that when the indigenous communities are on board, projects see a larger opportunity for success.
We will serve as a vital transportation network in the north. The economic opportunities that come along with it have the potential to unlock $60 billion in cumulative GDP through 2040. The ancillary benefits also include fibre optic connections. I can tell you that one thing Sean has been quoted as saying in the press is that up north he has to pay $8 for a bag of Doritos. I'm being a little bit facetious there, but the opportunity to reduce the cost of northern living for communities along the route will be transformative.
A2A will also set a new standard for sustainable development, as Sean has mentioned, with a 100% offset of all operational emissions and an explicit focus of designing a sustainable railway where safety, environmental protection and indigenous land preservation remain at the forefront. We believe in our approach to A2A Rail, and not only because it’s the right thing to do; it also reflects the priorities and needs of our country right now.
We really do sincerely appreciate the opportunity to present to you today. We look forward to your questions and to further discussion.
Thank you.