This is page numbers 43 – 82 of the Hansard for the 18th Assembly, 3rd Session. The original version can be accessed on the Legislative Assembly's website or by contacting the Legislative Assembly Library. The word of the day was review.

Topics

Consideration in Committee of The Whole of Bills and Other Matters
Consideration in Committee of The Whole of Bills and Other Matters

Stewart

Thanks, Mr. Chair. At this point, the supplementary reserve has a surplus of around $9 million because of the cash flow change that I mentioned around the Frank Channel Bridge. Thanks, Mr. Chair.

Consideration in Committee of The Whole of Bills and Other Matters
Consideration in Committee of The Whole of Bills and Other Matters

The Chair

The Chair R.J. Simpson

Thank you. Mr. O'Reilly.

Consideration in Committee of The Whole of Bills and Other Matters
Consideration in Committee of The Whole of Bills and Other Matters

Kevin O'Reilly

Kevin O'Reilly Frame Lake

Thanks, Mr. Chair. I guess the information I had was that it was actually in a deficit position of around $9 million. Perhaps, can Mr. Stewart confirm those figures? Thanks, Mr. Chair.

Consideration in Committee of The Whole of Bills and Other Matters
Consideration in Committee of The Whole of Bills and Other Matters

The Chair

The Chair R.J. Simpson

Thank you. Mr. Stewart.

Consideration in Committee of The Whole of Bills and Other Matters
Consideration in Committee of The Whole of Bills and Other Matters

Stewart

Thank you, Mr. Chair. I clearly just read the table wrong. The Member is right that, when you include the purchase that was done for the double-haul barges, although that is intended to be paid back by marine services, it is about a $9 million deficit for the supplemental reserve.

Consideration in Committee of The Whole of Bills and Other Matters
Consideration in Committee of The Whole of Bills and Other Matters

The Chair

The Chair R.J. Simpson

Thank you. Mr. O'Reilly.

Consideration in Committee of The Whole of Bills and Other Matters
Consideration in Committee of The Whole of Bills and Other Matters

Kevin O'Reilly

Kevin O'Reilly Frame Lake

Thanks, Mr. Chair. Those barges, they are going to be moved out of the supplementary reserve pot of money. They will go into the revolving fund and over what period of time? Thanks, Mr. Chair.

Consideration in Committee of The Whole of Bills and Other Matters
Consideration in Committee of The Whole of Bills and Other Matters

The Chair

The Chair R.J. Simpson

Thank you. Mr. Stewart.

Consideration in Committee of The Whole of Bills and Other Matters
Consideration in Committee of The Whole of Bills and Other Matters

Stewart

Thanks, Mr. Chair. The expectation is that the monies we've provided to purchase the barges will be paid back over a 10-year period from the revolving fund. Thanks, Mr. Chair.

Consideration in Committee of The Whole of Bills and Other Matters
Consideration in Committee of The Whole of Bills and Other Matters

The Chair

The Chair R.J. Simpson

Thank you, Mr. Stewart. Mr. O'Reilly.

Consideration in Committee of The Whole of Bills and Other Matters
Consideration in Committee of The Whole of Bills and Other Matters

Kevin O'Reilly

Kevin O'Reilly Frame Lake

Thanks, Mr. Chair. I'm not sure why it's going to be paid out over 10 years, but it seems like some of those carrying costs are going to be put on to the public purse rather than through the revolving fund itself, which doesn't sound quite right to me. What's the implication of having a deficit in the supplementary reserve and how does that affect our compliance with the Fiscal Responsibility Policy? Thanks, Mr. Chair.

Consideration in Committee of The Whole of Bills and Other Matters
Consideration in Committee of The Whole of Bills and Other Matters

The Chair

The Chair R.J. Simpson

Thank you. Mr. Stewart.

Consideration in Committee of The Whole of Bills and Other Matters
Consideration in Committee of The Whole of Bills and Other Matters

Stewart

Thanks, Mr. Chair. In terms of the Fiscal Responsibility Policy, as the Member would know there are a couple of important criteria in terms of the amount of carrying costs; it shouldn't exceed 5 per cent of your revenues, and that we have to have enough cash to be able to fund 50 per cent of our capital budget without having to borrow more than that amount. We are under both of those criteria even with the supps that are here today, so we're in good shape as far as the Fiscal Responsibility Policy. Thanks, Mr. Chair.

Consideration in Committee of The Whole of Bills and Other Matters
Consideration in Committee of The Whole of Bills and Other Matters

The Chair

The Chair R.J. Simpson

Thank you. Mr. O'Reilly, five seconds.

Consideration in Committee of The Whole of Bills and Other Matters
Consideration in Committee of The Whole of Bills and Other Matters

Kevin O'Reilly

Kevin O'Reilly Frame Lake

Thanks, Mr. Chair, you're very generous and I don't have any more questions.

Consideration in Committee of The Whole of Bills and Other Matters
Consideration in Committee of The Whole of Bills and Other Matters

The Chair

The Chair R.J. Simpson

Thank you, Mr. O'Reilly. Supplementary Estimates, (Infrastructure Expenditures), No. 3. Oh, I have Mr. Testart. Mr. Testart.

Consideration in Committee of The Whole of Bills and Other Matters
Consideration in Committee of The Whole of Bills and Other Matters

Kieron Testart

Kieron Testart Kam Lake

Thank you, Mr. Chair. On this specific bridge project, I know that this is an area of interest for a number of businesses, northern-owned and operated businesses in my riding. I'm interested to know if this future project will have opportunities for local procurement of northern businesses before I place my confidence and my vote in this appropriation, that that is something that is possible for the future bridge project. Thank you.

Consideration in Committee of The Whole of Bills and Other Matters
Consideration in Committee of The Whole of Bills and Other Matters

The Chair

The Chair R.J. Simpson

Thank you. Minister.

Consideration in Committee of The Whole of Bills and Other Matters
Consideration in Committee of The Whole of Bills and Other Matters

Robert C. McLeod

Robert C. McLeod Inuvik Twin Lakes

Thank you, Mr. Chair. Mr. Chair, I would like to think that all of our projects have opportunities for northern procurement. I'm not sure what the exact procurement will be on this particular project, but I'm sure the Department of Infrastructure will keep Members updated as we move closer to the work on the bridge and what procurement, but we like to think that all of our projects have an opportunity for local and northern procurement. Thank you.

Consideration in Committee of The Whole of Bills and Other Matters
Consideration in Committee of The Whole of Bills and Other Matters

The Chair

The Chair R.J. Simpson

Thank you. Mr. Testart.

Consideration in Committee of The Whole of Bills and Other Matters
Consideration in Committee of The Whole of Bills and Other Matters

Kieron Testart

Kieron Testart Kam Lake

Thank you, Mr. Chair, and I appreciate that that's the Minister's aspiration, but all too often do we see these projects do not have an opportunity for involvement from northern owned and operated businesses, especially the small players. I've been through a few of these processes now and, again, I hear the same concerns from my constituents, no matter how much money we spend on infrastructure it doesn't seem to create local economic opportunities.

Can the Minister give me anything more than just kind of an aspirational statement that in the future everyone is going to benefit from this? Is there something concrete he can commit to? Thank you.

Consideration in Committee of The Whole of Bills and Other Matters
Consideration in Committee of The Whole of Bills and Other Matters

The Chair

The Chair R.J. Simpson

Thank you, Mr. Testart. Minister.

Consideration in Committee of The Whole of Bills and Other Matters
Consideration in Committee of The Whole of Bills and Other Matters

Robert C. McLeod

Robert C. McLeod Inuvik Twin Lakes

Thank you, Mr. Chair. Mr. Chair, I said in the future there will be opportunities for procurement, but at the same time we need to make sure we get a quality product on the ground and if they can provide a quality product I'm sure there will be some opportunities there to take advantage of the work that's going to be going on with this. As for the actual procurement itself, I mean, that's a decision that would be made by the Department of Infrastructure and they will keep the Members updated. Thank you.

Consideration in Committee of The Whole of Bills and Other Matters
Consideration in Committee of The Whole of Bills and Other Matters

The Chair

The Chair R.J. Simpson

Thank you. Mr. Testart, I see nothing further. Next, I have Mr. Thompson.

Consideration in Committee of The Whole of Bills and Other Matters
Consideration in Committee of The Whole of Bills and Other Matters

Shane Thompson

Shane Thompson Nahendeh

Thank you, Mr. Chair. I'd just like to clarify. With these double hull barges they're sitting in this fund and they're supposed to be moved to a revolving fund over 10 years, is this correct? Thank you, Mr. Chair.