Mr. Speaker, once again in this debate, those are actions of the 15th Legislative
Assembly in terms of those motions that were passed. But in the life of this government, the 16th Assembly, the information has flowed. We’ve showed that information. We know where the dollars are. Those dollar marks haven’t changed since the last update to Members.
With the request for a peer review, this project…. The lenders have been involved with our lawyers and looking at all documentation; the process has undergone quite a review in the sense of where it is required to go.
Yes, the Member quoted the cost-benefit analysis, but let me say that as the Government of the Northwest Territories, if we used that business case for all of our communities, many of our communities would have shut down, because we would not have afforded to build in our communities. The Mackenzie Valley highway is something that at least a number of us were talking about in the 16th Assembly. It would never get built. Highway expansion in the Northwest Territories would never happen. So we are going to have to look at other ways of doing business as the Government of the
Northwest Territories, and look at other options available to us.
I don’t know what it would require to do an active peer review on the financing of this, but we have had some of the largest lending agents in Canada, the Ontario teachers’ association, as well as the Sun Life Group. They are the largest lenders. They’re doing due diligence along with us. So do you want a peer review of what they’ve decided, if they decided to proceed or not.