Thank you, Mr. Speaker. I want to thank the Member for thanking me. I think this is the first time he’s ever thanked me for anything I’ve done on this project.
Mr. Speaker, we’ve had a guarantee on this project all along on the work that was to be done. I think we
have better than what would be in the bond at this point. We have cash in the bank. We have done an analysis. We have had our contractors look at what needs to be rectified. In most cases, Mr. Speaker, it’s a matter of going in and doing the actual testing, as we haven’t had all the documentation that we require. But to go in and do the testing on something that’s under water and is covered with rock at this point is just about as expensive as fixing the situation.
Mr. Speaker, we have some very good estimates. Of course, at this point, they’re still estimates. We feel that the cost of doing the work that was outlined in the Levelton Report will be anywhere from $4 million to $7 million, Mr. Speaker. That’s not even half of the money that we have as holdback for this project as we go forward. Thank you.