Caroline Wawzonek
Deputy Premier
Statements in Debates
Thank you, Madam Chair. Yeah, this one, I'll be frank, is not my favorite one to have to explain. It does go directly to the public accounts and to the public accounting standards, and there's been a now change within the public accounting standards that requires that asset retirement obligations be booked in a way that they weren't before.
So there does need to be as a result of that what is a onetime adjustment to the capital estimates. That's the $70 million that you're seeing. And what that does is it's providing a way of reporting on the to the public in the books what is anticipated to...
Thank you, Madam Chair. So Madam Chair, the MARS project for one of the more significant aspects of it certainly is to bring online staking to the Northwest Territories, which really brings us up to par on something that we are rather painfully behind on, that allows for a much more efficient system and a much more efficient process for those that are actually out doing the staking and for prospectors will hopefully, as I said, bring us into the modern age but also encourage those who are out to be doing to be out and doing the prospecting. It allows for more efficient management of the...
Thank you, Madam Chair. Madam Chair, on your right is Pamela Strand, deputy minister for Industry, Tourism and Investment. And on your left is Nina Salvador who is the director of finance and administration.
Thank you, Madam Chair. I'm happy to provide the breakdown, certainly.
Thank you, Madam Chair. Madam Chair, this is chief information officer Rick Wind.
Madam Chair, let's send that one over to the deputy minister, please.
Thank you, Madam Chair. Total project cost is $19.7 million, Madam Chair. Thank you.
Thank you, Madam Chair. Madam Chair, there's been a number of inquiries I think probably led by MLA from Yellowknife North on exactly this issue and from constituents on that riding. I am also frequently on that road. I am well familiar with it.
There is signage in the works right now, Madam Chair. But that doesn't mean a whole heck of a lot of money fortunately. So that one's in the works.
As far as creating parking, new parks, new facilities, that -- it requires land, and that is more complicated than just taking over the land that is obviously there. So ITI is working with ENR, with...
Thank you, Madam Chair. Madam Chair, if I might suggest if we could stop the clock briefly. I was hoping to switch my witnesses out, and I don't want to take time away from the Member to do that.
Thank you, Madam Chair. Madam Chair, I wish I could just go "yeah," again. Not quite.
Contaminated sites, for example, are accounted for differently. I think other it's just that yeah, and maybe that actually does go to the it does go to some of the questions that the MLA for Frame Lake was asking, is that there are different standards that attach to different sites depending on the nature of the site. But here what we have is just, you know, assets that didn't previously have accounted for the fact that there's a legal liability at some point to, you know, retire the asset.
So this is...