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Finance committee No, I have nothing to add there. Thank you.
June 22nd, 2020Committee meeting
Annie Ropar
Finance committee I can start. I agree that a lot of terms and terminology are being mixed together. A loan is a type of product that we would contribute to a project. It could have varying interest rates attached to it, but it is just one product, if I can call it that, or one type of instrument
June 22nd, 2020Committee meeting
Annie Ropar
Finance committee Yes. I wanted to mention this because it's an important point, absolutely. On an annual basis, as a result of our corporate planning process, we have to frame some level of targeted investment commitment obviously, so the government can plan for resources, etc., around funding.
June 22nd, 2020Committee meeting
Annie Ropar
Finance committee Infrastructure is a very attractive asset class for private sector investors. Certainly, for pension funds, etc., those are long-term assets they need to invest in to match off against their long-term liabilities with respect to pension amounts, so it's definitely an attractive a
June 22nd, 2020Committee meeting
Annie Ropar
Finance committee Certainly, I can get started on that. In terms of what we're doing internally, obviously, to your point, we have a difficult road ahead of us as a country. We're looking at all the projects we have in our pipeline. Are there things we can do to capitalize and accelerate activit
June 22nd, 2020Committee meeting
Annie Ropar
Finance committee I believe the question is really around potentially taking an equity position in any given project. Absolutely that is a tool that is available to us. As part of our act, that is one of the financial tools that is available to us. Whether or not we would use it any particular cas
June 22nd, 2020Committee meeting
Annie Ropar
Finance committee We're actually following the exact same guidelines that other Crown corporations follow. I would welcome the opportunity.... I think you should take a look at the statements produced by some of our other financial Crowns, and you'll find the exact same method of disclosure.
June 22nd, 2020Committee meeting
Annie Ropar
Finance committee I do want to say that we do disclose total compensation, again, for key executives and the board of directors. That is fully transparent and disclosed in our financial statements.
June 22nd, 2020Committee meeting
Annie Ropar
Finance committee That is effectively embedded in the key-management personnel disclosure.
June 22nd, 2020Committee meeting
Annie Ropar
Finance committee Correct.
June 22nd, 2020Committee meeting
Annie Ropar
Finance committee I think, as John enumerated, just the long lead time to get projects done.... Obviously, the REM project is currently under construction, and I believe—John, correct me if I'm wrong—it has a six year construction period, which is ongoing. If the member is specifically referring t
June 22nd, 2020Committee meeting
Annie Ropar
Finance committee John, do you want to take that one?
June 22nd, 2020Committee meeting
Annie Ropar
Finance committee I can provide that number. We did actually disclose that in the notes to our last quarterly statements. Effectively, just for context, what we do is a market-to-market analysis where we look at what the return required would be based on the risk of the project, etc. in the priv
June 22nd, 2020Committee meeting
Annie Ropar
Finance committee No, it's basically a comparison of the value of what would be required on the same basis with that same piece of paper for the private sector, and that is discounted against our interest rate.
June 22nd, 2020Committee meeting
Annie Ropar
Finance committee I'll repeat my previous answer, which was that we do disclose total compensation by category for the entire executive team in our notes to our financial statements in our annual report, but I'm unable to comment on any individual person's compensation.
June 22nd, 2020Committee meeting
Annie Ropar