Transport committee  That's correct.

Transport committee  The rate of return is a function of the rate of risk transferred to an investing party. Whether the investing party is partly the Canada infrastructure bank or a private party, the rate of return will correspond to the size of its position and the risk that it would be absorbing

Transport committee  I would say that it's distinctly different from what Ontario put forward. Ontario has a plan focused on Infrastructure Ontario, an agency that deals with downstream procurement and the type of financing that leads to the construction and management of projects, which I think did

Transport committee  I would say the design of the bank is intended to relieve burdens on public balance sheets. The scenario that was put out by my colleagues here largely means leverage on the public sector, where even if you were comparing apples and oranges, as is sometimes with rates of borrowin

Transport committee  That's correct. Actually, that model responds to what we've heard from our municipal, provincial, and territorial counterparts, that the options should not be just to loan them money when they have to take on the risk or help them borrow more money. It's trying to find the soluti

Transport committee  The two ministries, infrastructure and finance, have collaborated on extensive consultation and analysis over a considerable period of time, globally and domestically. Many of those involve me contemplating and even engaging, as my colleague said, in the U.K., internationally, lo

Transport committee  There are many perspectives from which to look at the Canada infrastructure bank. I'm not sure I would agree with the characterization that you put forward. The government set out a fiscal framework over 11 years toward many priorities on greening, trade, transportation, and rura

Transport committee  This amount of money—if not more, when we attract private sector financing—will lead to more public infrastructure being built in the various areas you mentioned.

Transport committee  The concept would be that for every publicly sponsored infrastructure project in which the infrastructure bank is involved, every dollar you attract in new private sector investment would free up public dollars to make public dollars go further, and the government could then inve

Transport committee  Yes. I've watched some of that debate. Let me be very clear. We would anticipate the bank to meet the highest standards of robust legal partnership agreements that would contemplate all scenarios under which various parties would perhaps be stressed, run into difficulties, or wou

Transport committee  I can give you an illustrative example. I cannot give a specific example. If that were the case, we'd be talking about—

Transport committee  It is.

Transport committee  There is no intent or any discussion with respect to the infrastructure bank other than with regard to green and new types of projects. Issues around asset recycling and all those other issues really do not pertain to the bank.

Transport committee  The answer is yes. Many of our municipal, provincial, and territorial partners have come forward in many fora looking for alternative ways to finance public infrastructure projects, particularly those that come through the normal contribution grant scheme, but they are also looki

Transport committee  It would largely depend on the agreement and the structure around a project. The infrastructure bank is designed with the idea that there would be a public sponsor. There would be municipal, provincial, and federal together with other parties, to the extent that if the bank itsel