Transport committee  Through the chair, I don't know that all of them are, but I know the way many of these new hospitals manage the debt problem is by closing wards and beds, and most of them are closed.

Transport committee  Through the chair, that could be a true statement, but the overall amount of debt is what rests with the U.K. government, and it's large.

Transport committee  Well $300 billion is a significant chunk of change, and that's attributable to the health care system, a big chunk of which was built by PFI. Not all of them. You're right.

Transport committee  As Mr. Stoney said, there's a range of different P3 definitions out there. He read one. Marrying together design and build. I'm not an engineer, but I believe it's actually efficient, and it helps save money. Design-build-transfer is a form of P3. As you will see, Dr. Loxley doe

Transport committee  Are these good deals for the province of British Columbia?

Transport committee  We've never seen the details of that deal, whether it's a good deal in the interests of the taxpayers or the citizens of British Columbia.

Transport committee  I don't know of any private sector entity that caused $200 million to have to be paid. The devil's in the details, and we find out that somebody on behalf of the people of Ontario negotiated that the private sector put up $50 million to $60 million. The Globe has used both figure

Transport committee  Through the chair, I negotiate for a living and I think the private consortium did a good job of negotiating for themselves here, and the Government of Ontario will have to face the people at some point.

Transport committee  The politics of it are well established. I wouldn't disagree with you on that.

Transport committee  Through the chair, I expect government at all levels to mind the public interest, and it isn't in the public interest to sole source or to have this lack of transparency. My colleague who's sitting behind me, our chief economist, appeared before the other committee that has met

Transport committee  I won't speak for the FCM, but apparently they're coming here, and I think they would say that we need a transportation plan, that we need a number of different...that it's not all one pot. I think they are very appreciative of a former federal government giving them an exemption

Transport committee  I can't directly, no. I know that one of the major investors is a Spanish consortium, but I'd be surprised if there weren't pension investment in the 407. It may not be Canadian pension investment.

Transport committee  It wouldn't surprise me if Teachers' doesn't have some skin in that game, but I don't know that for a fact. I couldn't testify to that.

Transport committee  Yes.

Transport committee  Absolutely.