Thank you very much, Mr. Chair.
Minister, you have been asked a number of questions about the Canada Infrastructure Bank so far, and I think there are good reasons for that. Although it is already a few months old, a report published by the Parliamentary Budget Officer in 2021 states that, out of a total of $12.5 billion set aside for projects, only $2.5 billion come from the private sector. When the government announced the setting up of the bank, it was a matter of investing one dollar for every five dollars from the private sector. Yet, currently, 20% of the funding is apparently coming from the private sector, rather than 500%. Based on the rule of three, the $2.5 billion invested by the private sector accounts for 4% of the $62.5‑billion objective, for an equivalent project value.
Are you happy with the outcome in terms of the promises you made?