Mr. Speaker, I have a Return to Oral Question asked by the Member for Great Slave on March 31st, 2022, regarding my knowledge of a joint venture and an Indigenous government.
Mr. Speaker, yes, I am aware of the difference between a joint venture and an Indigenous government.
An Indigenous government is one that has negotiated or is in the process of negotiating a selfgovernment agreement with the GNWT and the Government of Canada whereas a joint venture is a corporate commercial enterprise undertaken jointly by two or more parties.
On the Inuvik Airport Runway Project, the Government of the Northwest Territories has received bids from a joint venture corporation entity, Number 13394883 Canada Incorporated.
The joint venture is an eligible contractor as defined under the Negotiated Contracts Policy, 11.26, and has the operational, financial, and management potential to undertake the work. Negotiations between the joint venture and the technical team resumed with the objective of realizing a way forward to construction to be able to ensure this project requirements, such as surety, is in place. Thank you, Mr. Speaker.
