Mr. Speaker, I have made it clear in the House before that the process for dealing with loans authorized by the Business Development Bank of Canada is one that is entirely within the control of that organization.
In this case, because the level of the loan was such as it was, the decision was not made at the local level. It was made at the head office level by a vice-president whose responsibility it is to determine whether or not such loans should be given. There is not even an order in council appointee who was involved in determining that process.
Furthermore, I want to emphasize that this money was not only loaned by the Business Development Bank of Canada, there were also loans from the Caisse Populaire, a private sector lender, determining that this was a project worth supporting by private sector funds.