Thank you, and thank you for the question. I have spoken on this issue a number of times in the house, the $1.1 billion debt that we have. We were approaching the limit, and we need to go to Ottawa and make the case that we need that increased. We need to make a compelling case. The case that I always try to make is that the Government of Canada built the Trans-Canada Highway; they built the railroad from east to west; but they never came north. We still need those nation-building infrastructure investments, and we need the money to do it. I understand that they are hesitant to up our limit. They are the backstop. Nonetheless, those funds are needed.
In terms of keeping money in the North, another thing that is close to my heart, I have spoken about this a number of times, is P3 projects. We have the hospital. That was being built when we started our term here. We were given a presentation, and we were shown a list of all of the different local businesses that were benefiting from it, and then you run into one of those local business owners in the street, and they say, "Well, we didn't get anything," or "We got a couple of bucks here or there," but there was no real money to stay here. You hear stories about people flying in to do the drywall and then flying out. There needs to be northern content in P3s. There are no two ways about it. These are massive infrastructure projects using public money, and they have to benefit Northerners.
In terms of smaller infrastructure projects, there are a lot of ways that we can increase northern content. Sometimes, in the South Slave especially, and I assume in Yellowknife, as well, there are some contracts that might be $10 or $15 or $20 million. Maybe a northern company can't do that. Can they do $4 or $5 million contracts over a longer time? Maybe. We need to start looking at things like that, as well. This is low-hanging fruit when it comes to keeping money in the North.
I know that myself and one of the other Members always point out the $12 million contract that went south for 3 percent, 3 percent total, and that money just flowed over the border. That is unacceptable. This is something that the Standing Committee on Economic Development looked into, procurement, because we weren't getting any traction. I think that that is a good starting point to start looking at how to make changes in the next Assembly.
There are other interesting ways to do it as well. I think that we need to do a better job consulting with industry on how to keep money in the North. That is one thing that we just don't do. You know what? It is hard sometimes to talk to small business owners and industry. They are busy. The last thing that they want to do is talk to the government, especially when the last 50 times that they talked to the government, nothing happened. We need to make sure that industry and small businesses know that they are being heard and that they can see results from those consultations. There is a lot that we can do, and it is one of the things that I look forward to doing in the next Assembly. Thank you, Mr. Chair.