Thank you, Mr. Chairman. I make the motion because I don’t view this debt as something that appears to be a regular type of debt. It seems that our other debt we’re able to move on it quickly if we choose to do so. We use our infrastructure money surpluses in order to reduce our overall debt. At the end of the year, we always have the option to put money into our debt if we wish to do so.

This Deh Cho Bridge debt is not the same. We can’t pay it down. If we pay it down then we’re going to pay penalties. The 35-year term, like I indicated in my earlier statement, at 3.17 percent is fairly reasonable and I kind of view this as a self-liquidating debt and to move too quickly on it in five years I think the Premier indicated that the debt would drop to about $155 million. I’m thinking that roughly calculating over a 10-year period that could drop to about $140 million making it easier and spreading the pain out.

For me it’s not like saddling the future government with a debt. We’re going to have to anyway with the next government or the government right after that in a five-year term. I think with a 10-year thing it gives the future governments two full terms to be able to try to deal with this debt and be in a good position at the beginning of the two governments from now, the 18th or 19th Assembly, to be able to

look at that and prepare at least for 10 years each year to reduce the amount of the overall debt that you can reduce by using surplus. This debt will remain. If it’s $140 million at that time, unless we want to pay huge penalties and get out, it will remain there. This is actually a real simple solution to not putting or affecting or negatively impacting infrastructure spending for this government in the immediate future when we need to spend some infrastructure dollars, especially in the small communities.

Generally, the way the economy is, infrastructure spending may be essential to the survival of the economy of the NWT. This stands in our way. This is one way of pushing it aside for an additional five years without it having an impact.