Finance committee  I think what would be useful here is an example of all the work that's involved before you can get an investment to a funding-ready stage.

Finance committee  Certainly, I'm not sure if I would agree with it being easier to give a grant. I don't think.... Depending on the situation, it may not be the best route to take in terms of leveraging taxpayer dollars available. As I said, we don't give grants. The big difference is that we actually structure our transactions with the anticipation, the diligence, to get that capital back.

Finance committee  Actually, as you're asking specific deal-related questions, I am going to turn that over to my colleague John.

Finance committee  Thank you, Mr. Chair. I'll be starting my remarks in French. Mr. Chair and members of the committee, good afternoon. My name is Annie Ropar. I am the chief financial officer and chief administrative officer of the Canada Infrastructure Bank. I am glad to be speaking to you today.