Mr. Speaker, back in 2018, a very high level and general project estimate was developed and put the overall project in the range of about $700 million, Mr. Speaker. Not only was this estimate high, it is now outdated as the Member mentioned in his Member's statement.
We know that many factors have changed since this time, including some of the inflationary pressures, labour market conditions, and chain supply issues, to name a few.
As the environmental assessment progresses, we will be finalizing the engineering design for construction. These plans will inform detailed internal construction cost estimates which will be required to inform engagement with Canada for future funding. Thank you, Mr. Speaker.