Public Accounts committee  Thank you.

Public Accounts committee  We have just come out of a meeting with our board of directors on Monday and Tuesday, where we discussed the corporate plan and the need to readjust the revenue forecast for the coming years in view of the current year we're going through. So we have to be realistic. We experien

Public Accounts committee  I don't think we are compromising on an issue we wanted to deal with. We flagged the issue raised by the Auditor General that the additional frequencies drive a lot of the percentage increase we are forecasting. So we are on our plans. We are doing our equipment modifications,

Public Accounts committee  We will be able to achieve the financial objectives set in this new plan—

Public Accounts committee  —which takes into account—

Public Accounts committee  There will be an impact on--

Public Accounts committee  A lot of what we missed is related to the fact that it takes more time. In other words, our equipment is getting older and we don't have the frequencies we would like. Over time, the revenue comes later and obviously creates the gap that we have right now. Does that answer your

Public Accounts committee  In my remarks I alluded to the fact that the 2010-2014 plan now has a section that deals with the risks that you've raised and the strategies to deal with such shortfalls. We've identified that. We have mentioned to our board that if the situation doesn't improve over the coming

Public Accounts committee  Our capital project is going to be executed as was initially planned. It's important that we do that so that our fleet is reliable.

Public Accounts committee  We have the money. The money has been allocated by the government. So the capital allocation--

Public Accounts committee  Yes, so the money is there. The challenge is in view of the revenue challenge we're experiencing now, affecting the years 2010 and 2011. My answer to you was that we said to the board, if we cannot see a significant increase in revenue and the cost base remains the same, there'

Public Accounts committee  Fine. I'll have the chance to explain matters.

Public Accounts committee  It starts with the government's willingness to act, since it owns the company. The key to success lies with the approach that we are slowly implementing, namely increasing the frequency of train service in order to offer more relevant service to the public. We compete with othe

Public Accounts committee  We will have concerns as long as the plans on the table are not yet finalized and approved by all parties. The plans can always change. Until such time has they have been finalized and approved by everyone, we will harbour some concerns. We are pleased with what is currently tak

Public Accounts committee  The plan calls for increased freight train traffic. In order for that to happen, changes are required to the infrastructure. We are trying to proceed in such a way as not to upset the communities that you represent.