Transport committee  I would honestly say that it's a bit too early to know for sure. The new proponent, which acquired the rights to their project around the new year, December or January, is doing its own work on a revised cost estimate. As I said, 2022 was particularly challenging from the perspec

Transport committee  It was the proponent themselves, because, quite simply, at that point they had negotiated a price from Ontario. They had a loan from us; they had their own private financing, and they had their return hurdle rate. Then, once their costs went up, the project didn't pencil for them

Transport committee  We were, as was Ontario. Frankly, the proponent had to do their math with their commercial interest and, at that point, they couldn't make it work. We weren't going to put more money into their project. Ontario wasn't going to increase the price. That left it to the proponent to

Transport committee  MP Murray was asking this question a little bit earlier. We will build off all the work that has been done to date, and it's extremely useful. However, we will, for sure, want to do an updated look at all three—project costs, GHG impacts, and then the legal documentation in the f

Transport committee  That's a great question. We do benchmark it across projects. The due diligence costs of this project were higher than average. You heard me talk about the other two projects that had been suspended. If you noticed, those numbers are much smaller. This is a more complex project.

Transport committee  As I mentioned earlier, we publish our balance scorecard that we measure ourselves against. That goes to Parliament. It's part of our disclosure. For the year just completed on March 31, we are still in the process of tabulating our results for the year, taking those to our boar

Transport committee  Thank you for the question. The CIB board is an independent board of directors appointed by the government. Frédéric can help me here.

Transport committee  I'd love to clarify things. We're using short, middle and long-term in different senses probably, so let's go back to some core facts. Remembering that the project will both import and export power throughout its life, it's a net question. In the first 10 years there are four mi

Transport committee  Thank you.

Transport committee  I will let Mr. Duguay tell you more on this subject.

Transport committee  Thank you very much for the question. “Every project has nine lives” is a more eloquent way of stating my earlier points, so I appreciate that. What's interesting, of course, is construction projects in this country went through a significant challenge in and around the time th

Transport committee  I always try not to get involved in certain political issues. The role of the Canada Infrastructure Bank is to increase investment in infrastructure in Canada.

Transport committee  That is a good question. The answer is yes, absolutely. We think there’s a real partnership opportunity between the Canada Infrastructure Bank and Ontario’s own bank. It will lead to a higher number of projects for us and, I hope, for them.

Transport committee  To be clear, the idea of an infrastructure bank is a tool in the tool kit. We don't presume, and we're pretty humble about this. It takes all of us. To answer your earlier question about the Ontario bank, someone once asked me if we would be competing for the same deals. There i

Transport committee  In that same fiscal year—let's start with a general sense—the CIB made investments of $4.3 billion of our money into projects that had a total capital value of between $12 billion and $13 billion. We did that with an internal staff of just over 100 people in offices in Toronto, M