I'll make a general comment, and then I would like our members to weigh in on this, because they have more practical experience.
My understanding is that in some cases it takes years. It's a process that's informed by an accounting firm that is doing an analysis of what the borrowing limits should be, yet it still goes through Transport Canada. It's a very cumbersome approach. The case is looked at in terms of existing revenues and not necessarily revenues that might be provided by the project.
The way it works now is quite a cumbersome process. My understanding is that they sometimes lose private partners because it takes months or years for the limit to be reviewed and there are other opportunities in other parts of the world where investors can go.