Thank you, Mr. Chair.
Thank you to all the witnesses for being here.
Mayor Brown, I want to start with you in regard to the investments the CIB has made in the city of Brampton. You spoke about the buses. I appreciate the amount of GHG emissions that this investment would actually reduce.
One thing I can say is that my colleagues here who represent your community talk often to us and Minister LeBlanc about the infrastructure needs in Brampton, in particular dealing with traffic and congestion. We sometimes joke that we will be on the same flight and I will get to my home in Pickering sooner than they do from Pearson to Brampton. That gives a picture of some of the challenges your community is facing.
An investment like this, of 450 zero-emission buses, is not only helping to get single-occupancy vehicles off the street to help relieve some of that congestion. It's also reducing GHG emissions by an equivalency of 1,200 cars. I imagine that is a pretty significant benefit to your community. In my previous life in municipal politics, $400 million would have been a significant property tax increase if you'd had to do it all on your own.
Do you have any calculations of how much that would have cost the city without the CIB, or how long it would have taken you to actually move forward with 450 zero-emission buses without the CIB?