Thank you, Mr. Chair. The Member is correct that the $15 million is added and it will bring the total project budget to $181.4 million. The breakdown of that $181.4 million is provided in one of the tables titled Deh Cho Bridge Project Estimates Summary. So in the final column it breaks down how the $181.4 million will be spent and that includes the $15 million that is being requested today.

In terms of specific interest payments, actually, the one-year delay in the project will cost additional interest of about $5.5 million. Thank you.

The other $9.5 million is going to the various items that are noted. If you want to break it down a little bit further, the actual construction has gone up a little bit, but stays more or less the same. There’s about $7.5 million of claims to deal with from the first two years of construction, so a portion would go to that. Then, with the Bridge Corporation and their uncertainty in equity around the changing of the general contractor, then we require an additional $2.5 million to replace that money. So $5 million interest, $7.5 million in claims and $2.5 million lost equity would equal $15 million. Thank you.

The total project cost noted here is what we expect the total cost to be to get us to a completed bridge in November 2011. With the financing on the project, all of the money was given upfront to the project. So $165.5 million from the lenders was given to the project. It’s sitting in construction accounts, and as expenditures are incurred, the project draws upon that funding. So some of the expenses would include the interest cost on that borrowed money, as well, which is included in the estimates. Thank you.

Typical project management related costs for a GNWT-managed project would be 10 to 15 percent, maybe 8 to 15 percent. So this is obviously on the high end of that. I’d attribute it to the structure of the project. It is a P3 project; it took us a long time to get it to where we were ready to sign the Concession Agreement. It’s got a lot of oversight on it because of the magnitude of the funding associated with it. So it’s at the high end of what you would expect. Thank you.

Thank you, Mr. Chairman. The amount of the contract that has been negotiated with Ruskin Construction and their team as laid out in the package is, for the phase 2 work, $68.1 million. That is the amount that is noted in the table that we provided. There is still some work that Ruskin needs to do to complete the phase 1, the construction from the first season. There is about $4 million worth of work that will be carried over to next summer, mostly around abutments and finishing that work. Thank you.

The amount shown on the chart, $22 million, is the amount that is required to complete the four piers on the north side plus the abutments, so the four piers will be essentially done in a couple of weeks. There will be $4 million worth of the $22 million that will be carried over to next year and completed.

The Member had also asked a question about contingency, the second last line item reports a contingency that is built into that $15 million estimate, or our $15 million supplementary request. Thank you.

We do have a final approved design on the bridge. We have been working since last August to get that. It has been very detailed, very involved. It has gone through two separate independent reviews and we are now very comfortable with the design that we have going forward and it is complete and finalized.

There are three aspects of that design that still remain to be finalized and there is a plan for doing that over the next couple of months. Those are relatively minor items representing about 2 percent of the value, that is why there is a line item there titled Miscellaneous Construction for $2.2 million that would be used to address the three minor items that are not yet finalized. Those three items are for lighting electrical, to finalize that and we are still waiting a little bit because we want to do some work on the toll collection system and see how that relates, and the design of a catwalk underneath the bridge to facilitate operations and maintenance inspections and then the final paving on top of the bridge, the design for that. Thank you.

Thank you, Mr. Chairman. Just in terms of the frustration in increasing costs, I think it has been noted, but it is worth repeating, but the project is 50 percent done, so we are comfortable with that. The new design is compete and approved

so there won’t be significant changes going forward. We do have a contractor in place and the contract for that work has been initialled. We just initialled this last Friday so we have got that signed up, and we have got a new and improved project management in place, so we think that we have much more oversight on the project that we will be able to control and ensure that we don’t get into the same type of situation that we have right now.

In terms of the tolls and paying for costs and potentially adjusting it for tolls, we have always, in the benefit costs, the economic analysis that we did, we wanted to keep the toll so that the actual cost of the toll was slightly less than the benefits that would be incurred by the public, by consumers as a result of that toll. So we had provided that information previously to the Members. The benefits of the Deh Cho Bridge were about $7 a tonne. Our toll was set at about $6 per tonne, so slightly less than. Of course the government had to make up the difference to have the project go ahead. The previous government agreed to an additional subsidy of $2 million to address the higher costs and we are here requesting another $15 million again to address some of the cost increases.

I would note that that $15 million is being funded as per the Concession Agreement, so the Concession Agreement speaks to the Government of the Northwest Territories providing upfront the additional costs that were required for the project, but we would get paid back over the life of the project from the revenues for the project. Thank you.