That's a very important question. It goes to the heart of what the Infrastructure Bank is about. Other members of this panel have talked about the extent of the gap that exists in Canada and elsewhere around the world in infrastructure. It's somewhere between $150 billion and $1 trillion. There's no government that can afford to do all of that, so the notion here is the government provides some funding, often concessionary financing that comes from the Infrastructure Bank. That draws in other people's capital, and then you get to a bigger number. Without that kind of catalytic investment, you would never get to that kind of number.
One other point that I want to make in answer to another comment that was made is that it's important to separate things. The Infrastructure Bank is designed to do certain types of financing in infrastructure, but let us not forget that the Government of Canada announced $60 billion of more traditional infrastructure. That $60 billion is designed exactly for the kinds of projects that Madam Therrien is talking about. That is direct financing for municipalities, for provinces, etc., in more traditional types of infrastructure.
It's not like the Infrastructure Bank carries the full burden here. It does not. That's not the way to solve Canada's infrastructure problem. It's partly the Infrastructure Bank, which does specialized financing, and then there's the substantial commitment from the government itself.