Tom Beaulieu

Thank you, Mr. Speaker. Today I spoke about homeownership repairs for elders in Tu Nedhe. I’d like to follow up my statement with questions for the Minister responsible for the Northwest Territories Housing Corporation. As mentioned in my statement, when you look at the numbers of units in Tu Nedhe owned by elders, they are not many. I also mentioned the housing issues in this sector of our population should be treated with more urgency. I would like to ask the Minister if he would commit to separating elders core need from other families so that the Housing Corporation can focus on elders’...

Thank you, Mr. Speaker. Can the Minister tell me if the Taltson Hydro expansion has potentially viable partners? Thank you.

Mr. Speaker, another question I have for the Minister: what is the GNWT’s long-term financial plan insofar as the Taltson Hydro expansion goes, including any corporation owned by the GNWT aside from and including the diamond industry? Thank you.

Mahsi cho, Mr. Speaker. [English translation not provided.]

Mr. Speaker, today I weigh in on the proposed Deze project. I realize we are just in the process of approving the Deh Cho Bridge costs by taking over the debt as the GNWT. Furthermore, the revenues that flow from the Deh Cho Bridge are largely predicated on the fuel haul to the diamond mines. Meanwhile, we are contemplating the Deze proposal, which will reduce the need for that fuel in those same mines. In addition to that, Mr. Speaker, I understand the route favoured by Deze is not acceptable to the Lutselk'e First Nations.

Mr...

Mr. Speaker, considering the difficulties, I believe that this expansion or the partners in this expansion are going to have to go through the area, the eastern route, to negotiate anything with the Lutselk'e First Nations. I can’t see any of that being settled ahead of the land claim, and I can’t see that being settled after the land claim because of the position as taken and the value that Lutselk'e First Nation considers on the land. I would like to ask the Minister what examination has occurred for other potential users insofar as in relation to where the transmission line runs, actually...

Mahsi cho, Mr. Speaker. Mr. Speaker, I, too, will talk about the Taltson expansion. I’ll try to ask some questions that are different than the questions that the Minister responsible for the Power Corp has already answered. My first question is: what is the GNWT’s overall management role in the Taltson Hydro expansion? Who has the lead management role in this expansion? Thank you.

Thank you, Mr. Chairman. I make the motion because I don’t view this debt as something that appears to be a regular type of debt. It seems that our other debt we’re able to move on it quickly if we choose to do so. We use our infrastructure money surpluses in order to reduce our overall debt. At the end of the year, we always have the option to put money into our debt if we wish to do so.

This Deh Cho Bridge debt is not the same. We can’t pay it down. If we pay it down then we’re going to pay penalties. The 35-year term, like I indicated in my earlier statement, at 3.17 percent is fairly...

Thank you, Mr. Chairman. Mr. Chairman, if 3.17 percent is buying some certainty for the GNWT for the long term, I’m okay with that. I think that’s actually not a bad interest rate even in today’s standards. So I guess my only question is that my fears now are not so much. I mean, I have fears about the cost. That’s something I have already talked about. My fears are the impacts; the impact of removing the short-term dispensation from the federal government for five years. When that gets removed and if this government is not in a position at that point to be able to assume the roughly -- I...

Thank you. I understand obviously what type of loan was signed from what I’m hearing. I understand what type of loan was signed. My curiosity continues to be why. It’s beyond me why we would sign a term for the full amortization period. That’s what I find confusing. Okay, so, there’s a penalty if we pay out early. I mean, at some point unless the penalty continues to grow as to the money they would have made considering whether it’s using future value or present value of money or whatnot, but if we actually signed a loan or supported individuals to build infrastructure in the Northwest...

Thank you, Mr. Chairman. I have several areas of concern, but my main area of concern is the financial situation that the Deh Cho Bridge will find the GNWT in. I would like to ask the Minister of Finance, I guess the Premier, if he would be able to provide loan details of the details of the $165 million loan that was taken by the Deh Cho Bridge Corporation. My understanding is that we guaranteed the loan. Therefore, I’d like to know if the Minister or the Premier will be able to provide the details of that loan. That’s my first question.