Transport committee  We have been receiving quite a lot of inbound on all sorts of projects, partnerships, and all of that. June was when the legislation was approved, so I would say we began operating and setting up the bank in the fall, setting up a pretty good and solid foundation, as I said. We'

Transport committee  In partnership with the government, we look at the public interest test. What we're finding, though, is the stakeholders are selecting themselves and coming in with partnerships, which is the best thing to do, because then you can optimize what each brings to the table. I think

Transport committee  There is a lot of infrastructure need, and not a lot of funding. This is another tool in the hands of the government at accelerating that investment. You've heard a lot about the demand for infrastructure, and it is about getting more funding available.

Transport committee  I can't speak to the examples you gave, but what I can speak to is the fact that it is not a partnership through the life of the asset. A lot of the private investors are unwilling to take the risk involved in getting the asset up to speed in generating revenues, and that's where

Transport committee  It may or may not. The real value would be to get additional capital into infrastructure investments.

Transport committee  I think the major difference is that the private sector, in terms of the investors who are there with us, is earning its return from use of the asset, so it's not like a transfer payment in terms of performance. It's more about the private sector taking on those risks. It is a di

Transport committee  The actual rate of tolls and fares is part of the public interest test, and it wouldn't.... The flip side is that the investors would not be setting the tolls because that would not be in the public interest. That wouldn't be how the project is structured. I think it's about shar

Transport committee  The trade-off is like that, but I think that the fact you have all the parties at the beginning is a recognition of the distribution of that risk and the diligence around what is acceptable. Also, the Infrastructure Bank is there to judge the acceptability of the private sector i

Transport committee  That's a very good question. In terms of bundling, our expectation is that the municipalities or other governments would come to us with the suggested bundling. I think that one of the areas of bundling is that you have to recognize what is common, what can be done together, and

Transport committee  That's a great question. I can't speak specifically to those two projects, but I can speak to the fact that when you attract private funding, the objective is to get sources of capital in addition to the government for building out that sort of infrastructure. It would be a case

Transport committee  I confirm that we have now sent the information to the parliamentary budget office. I would say that part of it is the start-up nature of the bank, so we received the request through a general line. We were discussing it with the ministry because everything like that is quite ne

Transport committee  I would say yes to both of your questions. When you look at the amount of capital that is looking for very solid long-term returns, infrastructure is a natural asset. At the bank, early on in the process, we will look at how the project is structured, where the risks are, and w

Transport committee  I think the revenue stream should ultimately come from the usage of the infrastructure. There may be instances in which revenue streams are not certain over a given period of time, such as right at the beginning, so we'll look at all those sorts of situations in determining where

Transport committee  We're looking at all of those possibilities and we have had a lot of outreach. Particularly if they're very similar and can be rolled out, that's a good way to satisfy all different types and sizes of communities.

Transport committee  Yes.