Caisse des Dépôts et Consignations

We want to reinvest some of these proceeds in the connectedness of our country and in our digital infrastructure.

So we have a very ambitious program, one that will also take pension funds, the Caisse des Depots and others who would be interested in participating in a process like this that are among the most experienced airport investors around the world, putting that pension capital to work creating opportunity here for Canadians while keeping fees low.

Yeah, this is not for the benefit of Canadians at all.

Fact, more street candy transit through privately operated airports than government-owned airports.

I, I lived in France for a while, so I'm just gonna use France as an example.

The Caisse des Dépôts, which is basically like the investment vehicle that you're talking about, where they take stakes in companies.

This is like similar to like the Se- Social Security Administration that we have, where instead of just owning Treasuries, they are able to take out stakes in corporations, and some of them are publicly traded.

And one of the things I do find fascinating about this, though, is that companies that tend to be owned, have significant ownership stake or from like the pension systems and these, you know, national interests, is from an invest-- like us thinking about investments, there aren't necessarily like what we consider killer investments.

And honestly, the 40 years of our race, I think, show that.

There was a first life, then it got out of the Caisse des Depots.

Two people emerged and took it over onto NPR.

And five, six years ago, they wanted out.