Mr. Speaker, I would like to thank the Parliamentary Secretary to the Minister of Transport for his speech. I agree with my colleague who spoke about problems related to inspections and replacing tracks, but I want to talk about the problems with the bill.
This bill contains several levels of minimum insurance coverage. As my colleague knows, I asked a question in committee pertaining mainly to class 1 railway companies. They must now have minimum insurance coverage of $1 billion. However, we learned that these companies, including CN and CP, already had accident insurance coverage of over $1.1 billion. They have perhaps $1.5 billion in coverage.
I would like to ask the parliamentary secretary why the government agreed to a lower level of coverage than what the companies are already paying now.