Mr. Speaker, I am flabbergasted to hear what the member just said in his speech.
He says that the bank will help smaller municipalities in funding their infrastructure projects. Does he know that the minimum for projects to be eligible to funding from the infrastructure bank will be $100 million?
In my riding, the municipality of Elgin has 600 people and Dundee has fewer than 1,000 residents. It will be impossible for them to launch $100-million projects, which means that smaller municipalities will never get any funding from the government or from that private investment bank to improve their infrastructure. As a result, inequality will grow everywhere in Canada, and I am not even talking about the user fees people will have to pay.
Again, we see a double standard. We will be giving money to investors who are already very wealthy and who will invest in projects that will be profitable to them. It is one of the criteria of the investment bank. I cannot believe that the member said smaller municipalities will benefit. I would like to hear him explain why.