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Transport committee I think that's a very important point. The point in my previous comments, which I think is important, is that low-cost financing alone is not the bottleneck to getting projects done. Instead, it's about long-term, stable, low-cost financing, coupled with smart risk taking. To
March 23rd, 2021Committee meeting
Ehren Cory
Transport committee Thank you for the question. I don't accept the premise that we have so little to show, and I'd like to talk about why I say that. In a moment, I will ask John to talk about our investment funnel. I think it's really important. The PBO—and we will continue to engage with them—ha
March 23rd, 2021Committee meeting
Ehren Cory
Transport committee It's critically important to start from the core. The projects we do are almost entirely in partnership with provincial, municipal and territorial governments or first nations and indigenous peoples, so there is some other level in almost all of the cases with our projects. Certa
March 23rd, 2021Committee meeting
Ehren Cory
Transport committee Thank you, Mr. Chair. Thank you for the question, Mr. Barsalou-Duval. It is critically important to the bank. We have to confirm we have followed and implemented the recommendations to ensure that all services are provided in both official languages. Clearly, we work across the
March 23rd, 2021Committee meeting
Ehren Cory
Transport committee Our goal is to ensure that we can provide all of our services in both official languages. That's critical. At the individual employee level, there are wide variants in French capabilities, but as an organization we are absolutely committed to providing all of our services in bot
March 23rd, 2021Committee meeting
Ehren Cory
Transport committee It currently has nearly 80 employees.
March 23rd, 2021Committee meeting
Ehren Cory
Transport committee I'm afraid I don't have the stat for you. I'll have to get back to you.
March 23rd, 2021Committee meeting
Ehren Cory
Transport committee Thank you for the question. The challenge in many types of infrastructure—and zero-emission buses are a wonderful example—is that there is a revenue source. In this case, it's the savings that are generated over time as you switch from diesel to electricity. I could say the same
March 23rd, 2021Committee meeting
Ehren Cory
Transport committee I appreciate the question. I think it's important for us that.... When we look at each of our projects, we think of the funding coming fundamentally from three sources. There's the traditional government-funded grant and subsidy world. Much infrastructure gets built that way, as
March 23rd, 2021Committee meeting
Ehren Cory
Transport committee One thing that certainly has evolved for us is how to get that contribution over time. Let me give you one example. On zero-emission buses, we're working with municipalities, which would be our biggest partners on those projects. The member mentioned Brampton, for instance, where
March 23rd, 2021Committee meeting
Ehren Cory
Transport committee First, if I may, I'd love to address the comment about progress, and then I absolutely will talk about the Alberta irrigation project, if that's all right. I think it's important just to set the stage. I know this has been a discussion with other witnesses, so I just want to reca
March 23rd, 2021Committee meeting
Ehren Cory
Transport committee Of course. Thank you, Mr. Chair. I would just end my comment about long-term projects by saying that the growth plan, conversely, is designed to trigger short-term projects, deliver real economic impact and aid in both economic recovery and infrastructure. That is why, Mr. Cha
March 23rd, 2021Committee meeting
Ehren Cory
Transport committee Of course. With regard to Mr. Scheer's question, the Alberta irrigation project is a three-way investment between ourselves, at about half of the capital, $400 million; the Government of Alberta, which has provided funding for that project; and the eight irrigation districts of
March 23rd, 2021Committee meeting
Ehren Cory
Transport committee No, those are independent irrigation districts. They are owned collectively by the major irrigators, and Mr. Casola can speak more to the deal structure if we need to. Those represent, to us, non-governmental sources of funding that are not traditional grant funding. It's going
March 23rd, 2021Committee meeting
Ehren Cory
Transport committee Yes, they are. Certainly the work on the REM project, which has a large institutional investor involved in it, represents pensioners from across—
March 23rd, 2021Committee meeting
Ehren Cory