Thank you, Mr. Chairman. The reason the interest costs are going up is because it takes an extra year of construction. So we had planned on three years’ worth of interest and now it’s going to take four years. But that four years is also at the end when the majority or a lot of the expenditures have been made already. So as the funding is actually in the construction account right now, we are paying interest to the lenders but we’re also making interest on the money. So the net amount at present isn’t that big. But as we have less and less money in the construction account to gain interest, the net effect is increasing.
Russ Neudorf on Consideration in Committee of the Whole of Bills and Other Matters
In the Legislative Assembly on February 23rd, 2010. See this statement in context.
Consideration in Committee of the Whole of Bills and Other Matters
Consideration in Committee of the Whole of Bills and Other Matters
February 22nd, 2010
Russ Neudorf
See context to find out what was said next.