Thank you, Mr. Speaker. Mr. Speaker, the meeting the Member referenced actually was a meeting set up by the Liberal Caucus, and it was to do with a plan the federal government has whereby they would direct money in a new budget, next year's budget, toward transportation infrastructure, and highways in particular. The proposal at this point in time is just a proposal, the federal government would put in $3.5 billion over five years into highway infrastructure, in particular, national highways infrastructure. The territorial government, at this point in time, has 535 kilometres of highway that would be considered as part of the national highways infrastructure.
The thought, Mr. Speaker, is that over five years $700 million a year would be put in by the federal government towards national highway improvements. The plan is, of course, that provincial, territorial and industry would meet that money. What the ratio would be is still up in the air, but we would definitely have to come up with our share of whatever the ratio would be. It could be 2/1 or it could be 50/50, but we would definitely have to come up with our share to meet the federal contribution. We are hoping the formula will be based on our portion of the national highway system, in other words, roughly 2 percent of that funding would be available to the territories. That would work out to approximately $80 million over five years, Mr. Speaker, however, we would have to find our share to meet that in the budget, whether it is 50/50 or 2/1. There was another meeting scheduled for later this week in Ottawa to further discuss and arrive at some decision on exactly what the ratio would be. Thank you.