Madam Speaker, the infrastructure bank was certainly talked about in my election campaign, and it certainly has been talked about by this party for quite a while. However, it is not a replacement for infrastructure investments. The $60 billion we promised is $60 billion. The member can talk to his mayor in Hamilton to see how happy he is about the money arriving in Hamilton, for things like building the new LRT and the investments for housing. The mayor of Hamilton has endorsed our program as visionary, and has embraced it as a way of moving the city forward.
What we are talking about in an infrastructure bank is finding new ways to partner private capital with public good and public need, to see if there is a way to extend the capacity of this country even further by blending new mechanisms. I will provide a perfect example of why it is so critically important. There are small communities that cannot borrow against their assets and have no way of participating in the infrastructure program. The infrastructure bank might be a way for smaller communities to partner with these infrastructure funds, get ahead, and build the infrastructure they need, without having to borrow at even higher rates than they would have to currently. That is one of the things that the infrastructure bank could accomplish.