I'll just answer the question about timelines in general. As I mentioned in my opening remarks, we started our discussions with BC Ferries last September, and at the time, not surprisingly, as is the case in many of our procurements, we did not know where they would source their materials from.
We have loans, just to give a different example, to many wind producers across this country that haven't yet purchased their wind turbines. Our loan agreement is with the wind producer, and again, it's meant to keep the project more affordable. Therefore, when we started our discussions last September, we were not privy to where they were getting the ferries, nor was it part of our analysis.
To the member's question, in March of last year—we approved the loan on March 5—they still had not made a decision. At the time, we closed loan documents, which was a financial document actually signed on March 28, I believe, or at the end of March. We were informed by BC Ferries that they were down to two finalists, and we knew both of them were China-based, as you heard from Mr. Jimenez earlier, so they informed us of that just at the time. Just to be very clear, that wasn't part of our analysis, and it wasn't part of the decision to make our loan, because our loan is about benefiting BC customers—the 23 million people or so who use the service.
To answer the second part of your question about an announcement, I'll be very clear about this. We take transparency extremely seriously, and if you were to go to our website, you'd see a map that shows every one of our projects across the country. It's true that there was a delay in the announcement of this project, and I would just point the members to the fact that we were in an active writ period at that time, so public announcements by Crowns were restricted; therefore, we weren't able to make an announcement. Once a new government was in place, which was mid-May, we started spooling back up to make a public announcement in June, which was always our plan, and we always do strive to announce as quickly as possible.