Thank you, Mr. Speaker. Let us take the example of the Iqaluit/Inuvik hospitals. Large projects. One is 25 to 30, that is what I am told, somewhere in that range. Let us assume that we get agreement that is the route we are going to take. We are going to do P3 and everything goes the way it is supposed to go. The billing for that project probably will not get completed until after 1999. If this government has to enter into a fiscal arrangement or a long-term lease so that the financier for the project gets the money from an eastern perspective, it will require the commitment of the Interim Commissioner, clearly, who will then have and then take fiscal responsibility. In effect, the dollar costs to this government, because it will not be until after 1999, will be minimal. There may be some front-end capital given to that organization same as Inuvik. Each of these P3 are going to be worked out slightly differently, I suspect. It would be the responsibility of this government if we want to get those two projects up and running to commit to a process and a lease arrangement that ensures that they can get the fiscal long- term debt that is required to fund these. The Inuvik one, for example, will be signed off by this government and a future western government will take responsibility for that and its costing. The eastern one will have to be signed off by this government and by the Interim Commissioner because of the unique characteristics of his role and his Legislative mandate that he has through an Order-in-Council. I suppose, in the end, the long term costs associated with those two projects, and I am just using them as an example, would be, in my opinion, in the hands of the two new future governments. Thank you.
John Todd on Question 78-13(5): Post-division Lease Responsibilities
In the Legislative Assembly on January 22nd, 1998. See this statement in context.
Return To Question 78-13(5): Post-division Lease Responsibilities
Question 78-13(5): Post-division Lease Responsibilities
Item 7: Oral Questions
January 21st, 1998
Page 275
John Todd Keewatin Central
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