Thank you, Mr. Speaker. Mr. Speaker, with this memorandum of understanding we have to do a lot more work before we get there and we have had a number of meetings with the Gwich'in as well as with the other interest groups up there. With the Inuvialuit we had a number of meetings. There are other meetings also slated for the Inuvialuit between myself and their chairman. The business people in Inuvik, we had a series of meetings with them and we intend to have more meetings.
The process now would be to have a meeting, a government-to-government meeting with the Gwich'in tribal council. As a result, the list that we had submitted with the price tag in there and so that we have to do a number of other serious meetings to determine exactly what type of contracts we are talking about. So there are a lot of other issues we have to deal with before we start determining whether it is going to be the contracts on, let us say the capital contract, let us say the highway contracts or some of the building contracts that are going on there, as well as the different operations and maintenance that is there. We still have to do quite a bit of work to really narrow down exactly how we are going to do it.
At the present time the agreement is that, let us look at the complete list, the dollar figures and let us have a series of meetings to try to come to a better understanding of what it is exactly that we are talking about. At the present time the price tag is, I believe it is $29 million and we said that we will be negotiating 50 percent of the value of that. So the maximum will be about 50 percent of the $29 million that is available. Exactly what the mix is, I do not know at this point in time. Thank you.