My honourable colleague is saying, do the developers have to put in equity and take some risk attached to a project, as the government will, in its lease arrangement or whatever P3 arrangements, the answer is yes. I suspect there will be a ten percent or 15 percent equity. Hypothetically, you have a million-dollar project, a company bids on it, and they have got to show where they are putting their money at risk, otherwise there is just no point in this. I think we have said clearly in any presentations we have made that the risk side of this thing has to be shared both by the private sector, whether it is on the development corporation or individual or a group of individuals, along with the government. Thank you.
John Todd on Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
In the Legislative Assembly on February 23rd, 1998. See this statement in context.
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
February 22nd, 1998
Page 1013
John Todd Keewatin Central
See context to find out what was said next.