Thank you, Chair. It's great to be back here.
Thanks to the witnesses for joining.
It's been not quite a year since I was on transport. However, the last time I was here we talked about the state of the nation with respect to ports.
The port of Vancouver was ranked 368 out of 370 in the world. The port of Montreal was ranked 311 out of 348 in the world. It was clear that the ports needed assistance from the federal government. There were concerns about supply chain disruptions and labour disputes. Bill C-33 was supposed to be addressing the gaps the ports were facing.
Let's talk about some of those things. Clearly money is going to be key in order to modernize the ports. I've heard discussion about the borrowing limit.
Why do we even need a borrowing limit? If private investors and banks are willing to invest in the projects, do we even need one?
I'll start with Mr. Gooch.