Mr. Speaker, as the hon. member would know, a number of steps would have to be taken. However, I do not want to give any indication as to how the government is going to respond to an unsolicited bid.
If we were to entertain this kind of change in the rail system in Canada it would be one that would involve the levels of government, employees and communities that would be affected. It would be a major policy decision. Nothing of that nature would be undertaken hastily.
I do want to reassure the hon. member that the Government of Canada is undertaking and has been working actively at reviewing a national rail policy. Obviously with the merger talks that went on between CN and CP there was a need to address that entire question and we are going to continue to actively pursue that.