My understanding of "vision" in Inuktitut means looking ahead. Basically, that is what I am trying to do. When we look at the transportation strategy which was done in 1989 by the former Minister, Mr. Wray, it was an extremely valuable exercise and it was a very costly one. All I am suggesting is that we just bring it up to 1993 realities. I feel it was somewhat unrealistic in some of the objectives it was trying to accomplish. When they used the word "vision" I think they were looking 20 years down the road. I am not suggesting for one minute that that is something we should not be trying to look ahead to, however, we have to look at the current fiscal realities of the federal government. This NWT transportation strategy was clearly designed as a joint initiative which would be jointly funded by both the territorial and federal governments. I believe, at the time, it was somewhere around $500 million over a ten year period where both the territorial and federal governments would contribute $25 million each.
What I am suggesting in the update of this strategy is to take what we have and quickly bring it up to date. Most of it can be done in-house. Bring about some more accurate estimates of the costs of doing some of the things which have to be done, and with a minimal amount of resources which I understand are going to be done from within, I think we can bring a realistic, achievable document that shows us in the next five or ten years what we can realistically accomplish that can continue to give us the 20 year vision that was previously there in an ideal world. The bottom line in any transportation initiative, whatever we do, requires significant federal government financial contributions.
What I am trying to accomplish over the next two or three months is a document which I can take to whoever the new federal government is going to be and try to negotiate and follow-up on what previous Ministers of Transportation have already done. Whether or not we can accomplish that, I do not know, but we certainly need to have a document which says this is what we think we can realistically accomplish. We need more accurate financial projections of what it is going to cost. More importantly, to me anyway, I need to make sure the update is reflective of this House. As I said earlier, the ordinary Members and the stakeholders will be involved in this update. Thank you. It will not be a costly exercise.