Mr. Chairman, as the Members are aware, we’ve, in the last couple of years, had some of the largest capital spending in the history of the Government of the Northwest Territories, and to have that happen requires a large cash flow. It’s when those projects are being done and put into service and finishing the construction that we run into the problem of our debt wall if we did not have relief from the federal government. So with this relief, our cash requirements drop down because we go back to the typical capital plan of the Government of the Northwest Territories which is $75 million. Then our cash demand is down, our debt room as forecasted goes back to in the neighbourhood of $100 million available borrowing capacity of the Government of the Northwest Territories once this relief is done, and the debt remains on our books, but it is manageable because, again, our large capital expenditures go back down to a more normal pattern for the Government of the Northwest Territories. Thank you.
Floyd Roland on Committee Motion 1-16(5): Extension Of Sitting Hours To Conclude Td 8-16(5), Supplementary Appropriation No. 2, 2010-2011 (Infrastructure Expenditures), Carried
In the Legislative Assembly on March 23rd, 2010. See this statement in context.
Committee Motion 1-16(5): Extension Of Sitting Hours To Conclude Td 8-16(5), Supplementary Appropriation No. 2, 2010-2011 (Infrastructure Expenditures), Carried
Consideration in Committee of the Whole of Bills and Other Matters
March 22nd, 2010
See context to find out what was said next.