It's very important for us to have access to capital to be able to carry out our projects. You said it right at the outset. Our organization is smaller than, for example, the Port of Montreal. However, building a wharf costs us the same as it costs the Port of Montreal for a wharf of a similar size. We need funding instruments that are potentially adapted to smaller ports such as ours, which has had to face significant costs. That has to be reflected in the infrastructure programs and it has to be in place. The national trade corridors fund has done a good job of that. We need to have enough capital for it. In our specific case, however, we need greater financial flexibility and different funding levers.
For example, we built a $110 million conveyor project. For that, we received financial assistance from the governments of Quebec and Canada, but we also needed some of the funding in the form of loans. Given our size, our current borrowing limit did not give us access to that funding in a traditional way. Therefore, the Government of Quebec, through Investissement Québec, lent us the money. It's a bit paradoxical in our case, given that we are a Canadian port authority and, as such, we manage assets that belong to the federal government. However, there were no tools at the federal level, so the Quebec government stepped up to help us. Right now, we're very hopeful that the Canada Infrastructure Bank will be able to play that role in our case as well, in terms of loans.
