I would never suppose to speak for them, but I've had a lot of discussions, I think, in their lead-up and in their planning.
I think, similar to us, what they see is that we have a very simple problem. All of us are going to need more infrastructure, at every level of government, in every.... If you're talking about a political..., it's one of the few issues that actually has unanimity. I could ask a mayor, a premier or a prime minister of any political party, and they would all agree that we need to get more built faster.
Actually, the reason we don't is very simple. It's that we can't afford it all. The costs of our infrastructure needs exceed our ability to.... There are studies that talk about the hundreds of billions of dollars needed to be spent in this country, so the only way to do that is find a way to draw private and institutional pools of capital into these projects. They're big companies, but they also make smart investment decisions based on math, so the only way to do that for many of these projects that are very long—20, 30 or 40-year lives with high uncertainties—is to find a partnership. That's the whole point of public-private partnerships. We can share with them—not take but share with them—the risks of those projects, the upfront investment hurdles of those projects.
That's what the CIB is here to do, and I think Ontario sees that as a way to similarly draw more investment and have more infrastructure built at the end of the day.