Thank you, Madam Chair. I appreciate the Member’s comment about the Capital Asset Retrofit Fund. We do have all the particulars at Public Works and Services in terms of the savings and costs and how we plan to move forward with reinvesting that money.
I can tell the Member that pre-division, 1999, the budget for the whole combined Northwest Territories was about a billion dollars. Post-division both budgets very quickly approached a billion dollars each and our current budget is almost $1.3 billion, almost $1.4 billion in total.
With regard to your question about the borrowing limit and when the $500 million was put into place, I would point out, as well, that in regard to our budget, our debt-to-revenue ratio, or debt-to-GDP ratio, makes us one of the best managed jurisdictions in Canada, second, I think, only probably to Alberta. We appreciate and agree that the borrowing limit is a constraining factor.
I would ask, Madam Chair, with your indulgence, to get Mr. Neudorf to speak to the million dollars and the Tuk-Inuvik highway.