Mr. Chairman, the project for Rae Lakes in last year's capital plan had the project being completed in the 1998-99 fiscal year. In the capital plan we have now, the project is funded again to be completed in the 1998-99 fiscal year, however, rather than phasing the construction period over two years we have it shown in one fiscal year. As a result, the preplanning for the project has been able to be deferred for a year.

In terms of completion of the project, it is still scheduled to be completed in the same fiscal year, but its initiation has been set back one year.