Thank you, Mr. Chairman. I would like to also indicate my support for P3. Mr. Ootes summarized the various briefing materials we have received and I just wanted to comment more as well to indicate that Mr. Miltenberger had indicated that this is not free money and we still have to be careful. We need appropriate checks and balances in place to ensure that we are not mortgaging the farm, the future. We have to ensure there is transparency as the Minister of Finance has indicated and all the Members are adamant about. All of the projects should have economic viability. There has to be the essence of a shared risk. The GNWT should not be the only partner that is taking a risk. The environment also has to be looked after. If there has to be assessments done, then those should be done but we have to ensure that we are protecting the environment. Another area Mr. Ootes mentioned is the cost of preparing proposals. That has to be carefully looked at. There are, of course, success factors, such as having all key stakeholders present throughout the process so everybody is informed and can contribute. The risks should be identified up front and dealt with up front as much as possible so that the risks involved later on are kept to a minimum. Obviously projects should not take place unless the expected benefits exceed the expected costs and we have to ensure there are more benefits than costs for both the public partners as well as the private partner, which is the same as the risks. Mr. Chairman, the GNWT and the public at large have to benefit more than the cost as well, not just the private partner. Mr. Chairman, as I said, I indicated my support for this and optimism, of course, with the appropriate checks and balances in place. Thank you.
Roy Erasmus 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 1009
Roy Erasmus Yellowknife North
See context to find out what was said next.