There were two parts to the federal announcement. One was the extension of the SINED program, which is Strategic Investments for Northern Economic Development. That’s $90 million over five years and that’s spread between the three territories. So essentially it’s about $6 million a year for the Northwest Territories for each year over five years. This is something that in the past was part of the EDA, except for the SINED, it’s delivered by the federal government.
Also, the Northern Economic Development Agency, where it hasn’t been determined where it will be located, but that agency has $10 million annually
allocated to it. My speculation is that it will operate something similar to the Western Arctic Diversification Fund or FedNor, some of those regional economic development programs. Thank you, Mr. Speaker.