Transport committee  Thank you for the question. First of all, the bank is not looking to privatize infrastructure, but to integrate private capital, with the support of public authorities, be they municipalities, provinces or the federal government. So we're talking about partnerships between government authorities and the private sector, whether operators or investors.

Transport committee  No, it's not privatization. I've said it and I insist on it: it's a partnership that involves the public authorities. Private and public capital are mobilized. Various levels of government can be involved. It's not privatization: It's collaboration, partnership. Incidentally, you also alluded to the P3 Canada Fund.

Transport committee  Could you repeat your question, please? I wasn't paying attention, since you weren't talking to me.

Transport committee  The role of the Canada Infrastructure Bank is to link public infrastructure projects and leverage money from other investors or private debt to make it possible to build more infrastructure in Canada, so there is a link.

Transport committee  Thank you for your question. I guess I'll just echo what Dominic mentioned. I worked for two large Canadian pension funds. At the time, we had a few discussions with employees of the government asking why the pension funds were investing money in large projects in foreign countries—

Transport committee  Thank you, Mr. Chair. Good morning, committee members. I am pleased to be here today to testify as part of your study on the role of McKinsey & Company in the creation of the Canada Infrastructure Bank. My name is Bruno Guilmette and I am a member of the board of directors of the Canada Infrastructure Bank, or CIB.