Mr. Speaker, taxpayers are paying twice for the Liberals' infrastructure bank. There is the $35 billion to set it up, and then the tolls and user fees so private investors get their 7% to 12% profit.
The minister told CBC News that taxpayers will not be on the hook for the infrastructure bank risks, but the legislation clearly states that the minister can make a loan or provide a loan guarantee. Clearly, we are dealing with Liberal math, where loan guarantees have no risk and budgets balance themselves.
Why will the minister not just admit that taxpayers will be on the hook for defaulted loans?