Sure.
First of all, I would echo a lot of what Janice said at the outset, and also Bruno, in terms of the gap. That gap was estimated at anywhere between $100 billion and $1 trillion at the growth council. There was quite a wide range of it. As was mentioned—I think Minister Morneau was able to say a couple of things at the beginning—this approach of having infrastructure banks has been done in many different parts of the world. Australia is one example in particular, but there are many others.
Interestingly enough, Canadian pension funds participate and actually invest Canadian pension money in these infrastructure projects. I think Canada is world class in the investment on infrastructure. From the growth council work, we saw a very significant gap. It related to everything from commuter-related services to green energy. It related to resources and the need to build pipelines and so forth that are required to get products to the coast. There was a whole range of areas that were identified as opportunities.
The view would be that we don't need to have the government putting money into this. We can attract private capital, much like Australia, Chile, Brazil, the U.K. and other places have done. Canadian pension funds are major investors in U.K. infrastructure. If we could attract that capital to help us in closing the gap, it very much was seen as a win-win. It would be great if we could spend more on ourselves, if you will, as opposed to it all going outside and attracting the money. I think that was the basis of it.