Transport committee  In answer to the follow-up, just to be clear, at the CIB our internal costs are made up of only salary and staff costs, some office rent and some computers. We are a knowledge-based organization, so the fact that salaries make up the majority of our expenses is actually not, in m

Transport committee  I appreciate the question. I would say two things. First, let's use Lake Erie as an example. If we were structuring these legal agreements.... As committee members, you, I think, may have opportunities to ask the proponent of the project—whether that's Fortis, if you've invited

Transport committee  Apparently, Mr. Guneratna does have an idea, but I will just say that, in general, before we've spent a dollar on a project, proponents have spent millions of their dollars. I could give you many examples of project proponents and the types of investments that they have to make t

Transport committee  I would never suppose to speak for them, but I've had a lot of discussions, I think, in their lead-up and in their planning. I think, similar to us, what they see is that we have a very simple problem. All of us are going to need more infrastructure, at every level of governmen

Transport committee  I appreciate the question. We've answered this in previous members' questions, an Order Paper question. I'm happy to provide the figures. Mr. Duguay has them.

Transport committee  Thank you for the question. Yes, it is a core part of our mandate, as you say, and as outlined in our statement of priorities and accountabilities. We are absolutely fulfilling a role of providing advisory support. As I was mentioning in response to an earlier question from MP

Transport committee  I'm not personally aware. I joined the CIB in late 2020, but I can say that I have every belief that they would have conducted a similar type of due diligence. Certainly, when you're investing Canadian taxpayers' money and making large-scale loan agreements like we are, I think t

Transport committee  I will for sure turn to my colleague, Mr. Guneratna, to help answer that question, and I appreciate the question from the member. In general terms, and Sashen can help me, in the immediate term, this is for sure a net exporter. There is more power flowing from Ontario to PJM tha

Transport committee  It's in the short term. In the medium term, as we go through the refurbishment of nuclear facilities and, as Dr. Winfield points out, as we become tighter on supply, it becomes both an importer and exporter. I think your point about net is incredibly important. It will continue

Transport committee  I appreciate the question, and I appreciate the replay of my adage, which I heard from an old construction hand many years ago. First, the sentiment behind it is clear. Large infrastructure projects are complex. They often take years to come together. This one has taken a decade

Transport committee  Yes, it was around that amount.

Transport committee  I’ll let Mr. Duguay answer the question, because he is our general counsel. However, in response to part of your question, I do want to say that it’s not necessarily normal to invest such an amount. The project we’re talking about here is rather complex, considering the issues o

Transport committee  The model is to get infrastructure projects that are sitting on the sidelines going. The Lake Erie connector is a great example of that. This project has been a decade in the making and it has not been built. Better connectivity of our grids is hugely important for Canadians.

Transport committee  There are two important questions in there. Number one, we have an incredible staff who do the majority of the work on any investment. We always seek outside counsel for due diligence, as Dr. Winfield has talked about and as anyone would recommend. Both legal and technical couns

Transport committee  I really appreciate the question. Perhaps before I respond, I will just say one sentence. Compare your Muskrat Falls example to the REM project in Montreal for instance, which we made a loan to, as is very publicly known. The first segment has opened. In that project, we made