Thank you, Mr. Chair. As Members are aware, we’re trying to procure this project under a P3 type procurement. So what the $7 million represents is to finance some of the pre-development costs that are usually associated with a P3 project in ’13-14, then once the project becomes operational in 2016 the $7 million will be used to finance the debt and other operating costs that has been incurred by the P3 partner. It’s what typically is called an availability payment to the P3 entity. At the same time, when the fibre is operational, that fiscal year we’ll have to book the capital costs of the fibre onto the GNWT books as well. So that should happen in the 2016-17 fiscal year. Thank you.
Mr. Kalgutkar on Consideration in Committee of the Whole of Bills and Other Matters
In the Legislative Assembly on February 26th, 2014. See this statement in context.
Consideration in Committee of the Whole of Bills and Other Matters
Consideration in Committee of the Whole of Bills and Other Matters
February 25th, 2014
Kalgutkar
See context to find out what was said next.