Taylor Bachrach at the Transport, Infrastructure and Communities Committee

Thank you, Mr. Chair.

Thank you to our witnesses for being with us this evening.

I want to start on the topic of port borrowing, which has been a focus of the discussion around this bill. I understand that the port authorities would like greater flexibility in the ability to borrow on private capital markets to finance infrastructure that's much needed.

I'm curious, though, as to whether port authorities are behaving more like a private corporation and whether they can also go bankrupt in a situation where they have insufficient revenue to service the debt they take on. Can the Vancouver Fraser Port Authority go bankrupt?