Thank you, Mr. Chair.
I want to get into the bill itself. I have to say that I'm hoping that most members of the committee read the bill and really dug deep into it. We had a chance to meet Mr. Wilson about some of the concerns that were brought forward about the bill.
I want to get into clause 114, which seeks to amend section 39 of the Canadian Marine Act with respect to the business planning process. As part of this process, there's an opportunity for port authorities to submit a five-year business plan. I would only assume that part of that five-year business plan is going to be the financing part, one part of what you have, which is your asset management plan. The second part is your capital plan with respect to where you want to be as you move on in that five-year plan with business growth.
I want to drill down for your thoughts on the financial flexibility, both in terms of borrowing as well as leveraging, that exists on site but also sometimes off site, as you partner with additional organizations.
Can you speak about the benefit of that and whether in fact the amendments you speak of would include that as part of the overall bill.