Thank you, Mr. Chair.
Thank you to both of our witnesses for joining us.
I'll start with a couple of questions for Mr. Sobkowich.
AT a previous meeting, there was a representative from Global Container Terminals who expressed some concern about the ports' wanting to increase their borrowing limits. This is something that we've heard repeatedly from the ports. I'll quote his testimony:
Increasing the borrowing limits for port authorities does not necessarily stimulate private investment; rather, it can deter it. This happens because port authorities must repay what they borrow with interest, and this cost ultimately falls on the shoulders of terminal operators, which in turn pass it to their customers, leading to potential inflation.
I'm wondering if the WGEA shares the concerns that have been expressed here with regard to the ports' passing these costs on to customers.