Thank you. The Department of Finance has taken the lead on the financing of this particular project as well as some of the monitoring and overseeing.
I do know, without question, that the staff of the Department of Finance did review those audits that were done in other jurisdictions because we wanted
to make sure that we did not relive or redo the same mistakes that were done in other jurisdictions, which goes to the comment the Minister of Finance made earlier about some of the overseeing that’s being done on this particular project, some of the checks and balances that have been put in place.
We also do know, and if you read that report on CBC further, that one of the recommendations that came out of that particular report was a hard and fast cap on the construction costs, which is something that we’ve built into our contract. So we actually have a hard and fast construction cost cap on the facility construction itself so that the build won’t cost more money than we anticipated. But it’s going to take, as the Member was saying, a thorough analysis, constant checks and balances. The Minister has already committed to keeping committee informed about progress, steps, checks and balances. It is important for us to read those reports, those Auditor General reports from other jurisdictions, so that we can be as informed as possible to make sure th
at we don’t relive those
mistakes made in other jurisdictions.
Just as a final note, we also know that there have been hospital projects similar to ours where there has been a great deal of success without those cost creeps or other problems. I would say those jurisdictions have also learned from the mistakes of others, to make sure that we get what we ask for, what we’re paying for over the short and long term.