Mr. Speaker...(English not provided)
Mr. Speaker, in March 2004, the federal government announced new funding of $90 million over five years to the three territories for strategic investment in northern economic development, or SINED. Well, Mr. Speaker, there are a lot of people out there who would like to get signed up, but, unfortunately, the status of this fund in the
Northwest Territories is a bit of a mystery, especially following the recent federal election.
Mr. Speaker, the announcement of the $90 million was greeted with a lot of enthusiasm for good reason. The NWT has been without an economic development agreement with the federal government for years and we are paying for that lack of investment today.