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Transport committee I think that's a real concern, because right now, in the legislation, there are huge exclusions for what would be available publicly about the projects that are funded. We see that as well with P3s, because they're considered commercial contracts. You can't actually get access to
May 16th, 2017Committee meeting
Sarah Ryan
Transport committee No. The key thing here is that there was a public alternative, a public bank, that was available to the government, and it appears that this was the original plan in terms of the low-cost financing that was in the mandate letters. At some point, that shifted to higher-cost financ
May 16th, 2017Committee meeting
Sarah Ryan
Transport committee Our position would be that it will be the investors who will really be profiting from the infrastructure projects that are selected, but also, their revenue will be through user fees and tolls on the public, so it will be higher-cost financing, because we know that the investors
May 16th, 2017Committee meeting
Sarah Ryan
Transport committee Infrastructure doesn't get built for free. We are going to pay for it one way or another. Our position is that the infrastructure bank will be more costly over the long term, because you are building in this whole framework for profits. If you're looking at the 7% to 10% for the
May 16th, 2017Committee meeting
Sarah Ryan
Transport committee Hi, my name is Sarah Ryan and I'm a senior research officer at CUPE. Thank you very much for inviting CUPE to present our concerns regarding the Canada infrastructure bank today. The Canadian Union of Public Employees, or CUPE, is Canada's largest union, representing 643,000 wo
May 16th, 2017Committee meeting
Sarah Ryan