Thank you, Madam Chair. I am here to present Supplementary
Estimates (Infrastructure Expenditures), No. 3, 2014-2015. This document provides for an increase of $58.515 million to the capital budget.
The most significant item in this supplementary estimates is $58 million in capital carry-overs for the completion of infrastructure projects. This represents a carry-over of 21.3 percent of the previous year’s capital plan, our lowest in the past 10 years. These costs are offset by an equivalent lapse of infrastructure funding in the 2013-2014 fiscal year.
I am prepared to review the details of the supplementary estimates document. Thank you.