Thank you, Mr. Chairman. We have built this project into our fiscal framework. We’ve built the $40 million into the current fiscal framework and we can manage our way through this. There is a four-year contract. The first three years are where the bulk of the work is done. Embankment construction is the key piece. The first year got off to a slower start than was anticipated just because of the logistics of bringing in many, many millions of dollars of brand new equipment and getting the manpower up and running, the systems working and everybody doing business. It’s accelerated only insofar as it is trying to catch up for the work that he didn’t get done the last building season because of the slow start-up. So the intent is still to comply with the schedules that are in the contract, which are the checks and balances that Mr. Dolynny was worried may not exist.
Three years and the concern is with that three-year schedule to get most of the embankment work done. The need is to make sure that the resources are there to be drawn down to allow that work to happen, and that if in fact the resources weren’t there and the contractor wasn’t able to do the work because there wasn’t resources to keep him at the work, that at the end of the day there could be significant costs, $30 million to $40 million of costs because of that contractor having to down tools and stop the project.
The cash flow is there. I will ask the deputy to speak to some of the numbers. I would point out
that the numbers we were talking about in the last Assembly about where our short-term borrowing is at $260 million at the end of this fiscal year includes all the charges tied to this, but I will ask the deputy to provide a bit more detail. Thank you.