Thank you, Mr. Chair.
Mr. Cartwright, one of the interesting aspects of this whole P3 debate is the concept of risk. We often hear from advocates of P3s that P3s allow the transfer of risk off the public sector and onto the private sector. However, at our last meeting Mr. Cory, the CEO of the Infrastructure Bank, said that the bank was considering a $655-million investment in a power line in order to transfer risk from the private sector to the public sector to “de-risk the project”.
What does the record say about risk transfer and public-private partnerships?