Thank you, Madam Chair. This is new legislation that came in the last time round. It is in its infancy and is not going to be without some growing pains. Some concerns were raised by Mr. Henry and Mr. Ootes about the ability of these communities. I remember the debate, it was quite fiery, about the ability of these communities to repay, et cetera.
There will be an increased uptake on this program, assuming communities wish to do it, one, and two, that they can demonstrate the ability to repay. We have to find and plan for the fiscal requirements, whether it is in land development in Tuktoyaktuk or land development in Grise Fiord. I could not tell you today, quite frankly, Mr. Steen, what the uptake is going to be because this policy only came into place a few months ago. It is a change, a significant change, because this government no longer has the capacity to continue to pay for land use and land development like water and sewer and land development, in the communities as we have in the past. In the past it was all paid for by the government. In the future it has to be repayable. So I am not sure what the overall uptake is at this early stage of the game because we are early into it. I would remind everybody there is a requirement to repay it, which is a significant shift from the way in which we did business before. That is all I am saying.
If you look at Rankin Inlet, let us use that one as an example. We had $15 million in a five year budget, we had $6.9 million put in, in the ground at no cost to the constituency. We paid for that. That was the policy of the government at the time. I am using it as an example. The policy changed. The community of Rankin Inlet now has to contribute, through a repayable loan, if they wish to continue with this. They need an additional $7.9 million but they recognize they do not have the capability at this time to pay for that. They need to complete the loop. I am not a technician but a loop has to be done - that is going to cost $1.5 million. They have the capability to do that. That is how we are approaching this thing in the communities. The degree of spending, I think you are asking about where it is going to cap out. I really could not tell you at this stage of the game. We do not know how much demand will be placed on it. MACA will be now asking the communities, as part of the overall budgetary strategy, for what their requirements will be in lending for land use development each year. We will be getting a better picture in the coming months, because this policy only took place the last February/March, as Mr. Voytilla says.
I would like to be a little more definitive with you, but I just cannot do it at this time. Thank you.