Thank you, Mr. Speaker. There are a number of reasons that we felt it was necessary to sign off on a couple of agreements. The first was a letter agreement and also the opportunities agreement that the Member is raising. Of course, one of the biggest reasons was to ensure that we could continue to work with the community and also apply resources so that the community can stay involved.
It was quite obvious through our discussions with the community that they wanted to continue to be involved with this project right to the end. They wanted to be able to derive benefits from it. As a government, we had our discussions and agreed that should happen. We also laid it out for the Members that we would be signing off on this agreement. It also helped us to access the equity that they had produced for this project. We didn’t want them to fully subscribe to it, as we wanted to move away from the concession agreement. This allowed us to have legal termination of that agreement.
We also were in a position with the agreements in place to address some of the concerns that were in front of us, some complaints that were coming forward. We also avoided the dispute resolution process that would have tied us up. It would have tied us up in litigation for some time. We probably would have had a very lengthy legal battle that would have cost a lot of money. We also were able to move away from a lot of the financial commitments we had that were part of the concession agreement.
Overall, Mr. Speaker, there are a number of reasons, but basically the reasons were to allow the community to stay part of this project and also to ensure that the project would move forward on a timely basis and we didn’t come to a stop, which would have cost a lot of money. Thank you.