Mr. Speaker, the governments of Canada and Quebec have decided to coordinate their efforts to help Montreal's economic recovery.
A new organization will be set up today to coordinate efforts to promote Greater Montreal's international development. This organization, which will be called Montreal International, will welcome foreign investors, provide information to them, and also seek foreign investments.
It will have a budget of $10 million. The governments of Canada and Quebec will provide $4 million, while $5 million will come from the private sector and $1 million from the municipalities that are part of Greater Montreal.
Montreal International is proof that we can accomplish great things when the various levels of government and the private sector work in close co-operation.