Thank you, Mr. Speaker. No way I'm letting 42 minutes left on the clock.
Yesterday in the House, I asked the Minister of Infrastructure to provide an update on how much we estimate Taltson to cost and she refused to do that. And my concern here, Mr. Speaker, is the last cost estimate we have is $1.2 billion from 2013. I think it's fairly safe to say that in the last nine years, construction costs have increased. And I am really worried that this project is going to have a bit of sticker shock. It's going to be similar to Giant Mine which we were all talking about costing a billion dollars which became $4.38 billion. So, I think that we have right to know in this House how much we currently expect this project to cost. Is it $1 billion, $2 billion, 3, 4, 5? I really have no sense of how much this has increased since 2013. So can the Minister of Infrastructure provide us a rough estimate of how much the current Taltson Expansion is going to cost. Thank you, Mr. Speaker.
Thank you, Member for Yellowknife North. Minister responsible for Infrastructure.
Thank you very much, Mr. Speaker. Mr. Speaker, we have got our Minister Vandal just walked in the door there so I'm really happy to hear that he's able to join us. So I do want to say the future spend will depend, again, on how commercial negotiation advance between the parties, including the Government of Canada, the Canadian Infrastructure Bank, and our Indigenous partners, as the work we define, the project footprint, our progress will also depend on any issues that emerge during the regulatory approval process. So Mr. Speaker, the Member is wanting to get a number out. I just can't do that right now. I did commit yesterday to looking at a business case and be able to work with the Member, so. He wants me to say a number, I just can't say it. Thank you, Mr. Speaker.
Yes, thank you, Mr. Speaker. I think it's a point to know that yesterday the Minister committed to a nonpublic business case. Mr. Speaker, there's a public debate that needs to happen here of whether we are spending billions of dollars. I actually have no sense of how much this project is going to cost. Can the Minister give us a timeline of when an updated figure can be provided? I just think it is inappropriate for us to be using 2013 figures and keep saying this is a $1 billion project when we all know it isn't anymore. When can we see that? Certainly if you go through the environmental regulatory process, that's going to come out. You are going to have pretty detailed applications once you initiate that process. So when can we expect to see an updated figure? I am not looking for complete details on everything that we are going to tender, I am just trying to figure out whether we're at $1 billion or $5 billion or somewhere in between. Thank you, Mr. Speaker.
Thank you, Mr. Speaker. The business case is on track for completion within the life of this government. I said that yesterday, and I will say that again today. We are in progress of updating a number of things. Our capital costs, examining some of our routing options, the updating some of our project revenues. Advancing commercial discussions between partners, investors, in preparation for this regulatory application for the whole project. So we are looking at the life of this government to be able to share, not publicly, but share with the Members the business case. Thank you, Mr. Speaker.
Thank you, Minister. Oral questions. Honourable Premier.
Thank you, Mr. Speaker. For change of protocol a little bit, I would like to I'd seek unanimous consent to return to item number 5, recognition of visitors in the gallery. Thank you, Mr. Speaker.
Okay, the Premier is seeking unanimous consent to return to item 5. Are there any nays?
Sorry, Premier, it's nayed.
Oral questions. Member for Yellowknife North.
