I think it’s imperative that we continuously get those updates in terms of both borrowing limits, the short-term and the long-term. I think people need to clearly understand, like balancing a chequebook, where we’re sitting at, especially with large ticket items as we have before us.
The Minister just mentioned the issue of the Inuvik-Tuk highway and what I tried to read between the lines was that it sounds like there is a $40 million accelerated payment happening in this fiscal year. Again, as a Member, I don’t want to talk about the progress of the project, I don’t think that’s in my expertise.
From what I’ve heard, they did have some challenges in their first season. They did not meet probably all of the requirements in terms of, I guess, the original contact, which is something I don’t want to talk about at this stage, but I have great faith that they’re going to continue on and do a good job in its entirety of a complete 140-kilometre stretch of road.
My concern is the fact that we are now taking money from another budget year of $40 million and accelerating it into this year. Is this our only plan of action given the fact that we know that not all the terms were met last year? Is there a way that it can be mitigated a little bit easier on our pocketbooks other than taking a $40 million hit in this fiscal season? Thank you.