Thank you, Madam Chair. First on the savings. The reason why we are very confident that they will be actual savings is because the scope of the savings that we expect and the fact that the savings are on the transportation of the cost of delivering fuel. It would be like cheaper cargo rates on an airplane. It is similar. As far as the funding goes, in the RFP which incidentally, I was going to mention to Mr. Steen, has not gone out yet, we have an ad in the paper to get interested parties together to start talking about it. In the RFP we will include a section on the financing of the project and arrangements for leasing back, over a five-year period, from whomever built the pipelines. In which time the government would own the pipelines outright. The cost of paying for the leases would be paid wholly from the cost of fuel. That will be in the cost of gas, of heating oil et cetera. So, therefore it is different from the process we use here in the House.
Goo Arlooktoo on Committee Motion 2-13(5): To Amend Committee Motion 1-13(5)
In the Legislative Assembly on October 23rd, 1997. See this statement in context.
Committee Motion 2-13(5): To Amend Committee Motion 1-13(5)
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
October 23rd, 1997
Page 155
Goo Arlooktoo Baffin South
See context to find out what was said next.