One of the issues, if I may digress just for a second, one of the
big issues of great, great interest in Inuvik, of course, was the fibre optic line that is now under construction. That’s going to have a major impact on Inuvik and it’s an $80 million investment by the Government of the Northwest Territories that’s going to look at Inuvik as a major remote sensing site for satellite remote sensing and the fact that we’re going to tie in all the communities on the way down with fibre optic connections or microwave. So that is another big piece that came up and was discussed extensively in Inuvik.
In regards to managing the money, there are two things. We have to continue to practice fiscal discipline and diligence to make sure that our expenditures don’t exceed our revenues. If we are unsuccessful and we are left with an $800 million borrowing limit, then our capacity to do anything new, to be able to build the Northwest Territories, to implement the vision of the people of the Northwest Territories with things like the Mackenzie Valley Highway link from Norman Wells to Wrigley, the winter road here, converting that to an all-weather road, they need to look at generation and driving the costs of energy down in the communities, Yellowknife and all the other thermal communities are going to be severely curtailed and limited, and then we will be reduced to concluding the projects we have on our books to try to free up some capital.
We have $350 million allocated, roughly, for the Stanton renovation, for example, which is going to take up a lot of our room. We have the conclusion of the Tuk-Inuvik highway and the Fibre Optic Link. So, without the borrowing limit increase, we are going to be severely constrained for the life of this government and for the next. Thank you.