Mr. Speaker, the commitment that was made to Canadians was to actually have access to invest in infrastructure and not to privatize it.
As Michael Sabia, a government adviser, has previously said, investors in this infrastructure bank will want to see a 7% to 9% return. Based on current interest rates, we are talking about spending four times more than if the government made those investments itself.
This infrastructure bank is like a PPP project or structure on steroids. Ontario's auditor general recently concluded that PPP infrastructure projects had cost almost $1 billion more than if Ontario had gone ahead with the investments itself.
Does he understand that the definition of madness is to—