Thank you, Mr. Chair.
Welcome to the witnesses.
At our last meeting on this topic, we had the opportunity to welcome the president of the Canada Infrastructure Bank, Ehren Cory.
In his testimony, as in the letter he sent to the committee, he mentions that the project for which you obtained $200 million from the Canada Infrastructure Bank entailed specific financial and structural risks. He also mentions that, given these risks, traditional private lenders were unwilling to provide the necessary funding on their own.
Can you confirm that private lenders would have refused to fund your project and that, in normal circumstances, your project would not have happened?