With respect to this P3 procurement, it has a total capitalized cost of about $91 million. What we have done is the proponents will obviously use that asset over the concession period and it will drive revenue from customers, of which, you know, the government will be one as well. But primarily it will be the Inuvik Satellite Facility and the antennas there. What the government has done from a budgeting perspective is looked at what the revenue stream and what the growth of facility might be. What we’ll be doing is plugging that revenue gap to the tune of about $8 million a year, and that will go against the $91 million debt. As we pay that down over the concession period, we’ll have an asset that will still be deriving revenue for the government and providing services to the residents up and down the Mackenzie Valley. Unlike some other projects where you’ll have high maintenance cost and will not have a revenue stream to offset the cost, this asset will drive revenue and will become profitable for the government after a period of time. Thank you.
Mr. Aumond on Consideration in Committee of the Whole of Bills and Other Matters
In the Legislative Assembly on October 1st, 2015. 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
September 30th, 2015
Aumond
See context to find out what was said next.