Jane Groenewegen

This is the last day of the sitting of this particular Legislature, and true to form, I want to talk about the Deh Cho Bridge.

Mr. Speaker, I want to summarize once again for people what has been provided to us in terms of information and responses to our very good and valid questions. We don’t ask these questions for fun; we ask these questions because we are the conduit for the public to become aware of the government. If we’re not going to have this debate on the floor of the House, well then, to me, really, you might just have appointed an administrator to take over running the Northwest...

I can’t ask a hypothetical question, but I would like to project the scenario if something should go wrong and the Deh Cho Bridge Corporation cannot meet the obligations of this debt. Right now, we currently have, I believe, around $300 million of debt, and another $165 million would put us right at our limit. I want people to be fully aware of that.

Mr. Speaker, as we speak today, I’d like to ask the Premier: today is February 21st. What is being signed on behalf of our government today and by whom?

Mr. Speaker, in following up the question that I was asking, I’m quoting from unedited Hansard:

“The lending agent itself went and got a review. They’re the ones at risk for $165 million if, in fact, they want to lend this money to this project and to make sure it’s a valid project.”

Mr. Speaker, my question for the Premier today is: is it not true that in the event of a default on the loan that he’s referring to, the G.N.W.T. shall step in and receive the project company’s rights benefits to the debt and loan documents, and assume and be bound by all current, future and overdue liabilities and...

I withdraw the remarks. I do apologize. Thank you, Mr. Speaker.

Thank you. You know, to the public that's listening to this, the semantics here are off. Let’s be very clear: there is a vast difference between approving and being advised of or being notified of. I want to tell you that that's all that was going on for us over here: we were notified of it. We did not approve of it. Let’s be very clear. I mean, just because we were notified of it doesn't mean we agreed with it.

I'd like the Premier to clearly confirm that, in fact, the FMB had the authority to extend the loan guarantee and increase it on the grounds of notification to Members only.

Mr. Speaker, this loan guarantee started off at about $3 million, and it was extended and increased at several different points. I would find it very unusual if a public government could guarantee a loan for something where they did not have any say or control or knowledge of what it was being used for and that they would not be at the table.

Do we want to go from $3 million to $6 million to $9 million? Wouldn't the Deh Cho Bridge Corporation have had to come back to our government and justify an increase in our loan guarantee with what it was that they were spending the money on?

Mr. Speaker, I would like to seek unanimous consent to go back to item 7, oral questions.

Mr. Speaker, is there some requirement on the part of our government to also sign off on those schedules? Who would be signing on behalf of our government? Is there any way to delay that signing-off until we have received some of this information we’re asking for?

I move that we report progress.

Mr. Speaker, my questions today are for the Premier, and they are in regard to the Deh Cho Bridge project.

At least three working days ago the Premier said he was going to have FMBS pull some numbers together which might give us an idea of what it would cost our government to exit the Deh Cho Bridge agreement. He made reference to having that information “in a couple of days.” I'd like to know how close we are. How is the Premier intending to share that information with us?