Thank you, Mr. Chair. So, as the Minister said, it’s a design/build process and we want the contractor to be efficient and give him the flexibility and the tools to meet the agreed upon price. It was our original budget cash flow before the project got started that’s resulting in the requirement to adjust the cash flow. So, as the Minister said earlier, our choices are to adjust the cash flow and bring in the project on time and on budget or face delay claims from the contractor because we are deciding we don’t want to progress the project in a manner that would be efficient to do so. So while we are incurring incremental borrowing costs close to the amount the Member has stated, the alternative is to face delay claims in the neighbourhood of between $30 million and $40 million, as the Minister stated earlier. Thank you.
Mr. Aumond on Consideration in Committee of the Whole of Bills and Other Matters
In the Legislative Assembly on October 30th, 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
October 29th, 2014
Aumond
See context to find out what was said next.