Mr. Speaker, last week, in a fit of candour, the Minister of Finance finally admitted what we have been saying all along: the infrastructure bank will not benefit small municipalities. He said that the private sector will be more interested in investing in major transformational projects with high rates of return.
It is no wonder that Michael Sabia is openly talking about a return of 7% to 9%.
Why would Liberals take $15 billion that would have been accessible to places like Valleyfield or Nanaimo to redirect them into projects that will be tailor-made for Montreal or Vancouver?