Thank you, Mr. Speaker. I respect the point of order. A further part of this whole discussion, Mr. Speaker, was that there has been a longstanding expectation and many tantalizing offers or suggestions or hints that Canada would be coming into this, recognizing what a significant piece of infrastructure this is for this region and for Canada. Yet we still do not have a tangible certainty from Canada that it's going to say we do have a responsibility to come into something like this. We do have evidence that this is a good thing for Canada because it is a significant part of the transportation link for
the diamond mines now, Mr. Speaker, that are pouring a big chunk of the $750,000 a day that Canada is getting in taxes and royalties from the Northwest Territories. Why is it so difficult for Canada to appreciate that there is ample evidence that this a good deal? This is a win/win for everybody. If you do the math, you will find out that in just over two months, that revenue and royalty stream would actually pay the $50 million that is generally expected and anticipated that Canada just might come in for.
So in the absence of that kind of guarantee or that kind of certainty from Canada, why are we pushing ahead with this now? The Premier and the Minister of Transportation have told us in meetings with the Prime Minister, the Minister of Transportation, oh, yes, there are national programs that you might quality for, that you are on top of the radar screen for, but we still don't have it. We won't know until at least later on this year, this fall, after the next Assembly is in place, Mr. Speaker. What is the rush to put this on?
The previous Assembly and this Assembly have pushed this along. We have taken prudent steps to negotiate and find out what the deals are. Hopefully we haven't made too much of a mistake, because one company is already challenging some of the negotiations. Mr. Speaker, I really think the prudent thing for this Assembly to do is to sign off on the work that we have done for now, recognize that not enough is in place yet in terms of the knowledge and the information, confidence that the public and the companies who are going to be paying for this for the next 35 years are not there and also the potential. I would like to be optimistic and positive. The potential for Canada to come into this project and in the relatively near future is still there.
We are undertaking a major risk on the part of the economy, the people and the economy of the NWT for quite awhile by coming into this project at this time with the uncertainties that are still out there. I still do want to see this infrastructure done, but I want to see it done in a way that we all know about and we all have confidence about. That's why we have asked, in our motion, for a deferral of this over to the next Legislative Assembly, Mr. Speaker.