Debates of May 25, 2023 (day 154)

Date
May
25
2023
Session
19th Assembly, 2nd Session
Day
154
Members Present
Hon. Diane Archie, Hon. Frederick Blake Jr., Mr. Bonnetrouge, Hon. Paulie Chinna, Ms. Cleveland, Mr. Edjericon, Hon. Julie Green, Mr. Jacobson, Mr. Johnson, Ms. Martselos, Ms. Nokleby, Mr. O’Reilly, Ms. Semmler, Hon. R.J. Simpson, Hon. Caroline Wawzonek, Ms. Weyallon Armstrong
Topics
Statements

Written Question 65-19(2): Public-Private Partnership Projects Capital and Operating Costs and Revenues

Merci, Monsieur le President.

My questions are for the Minister of Finance. The Government of the Northwest Territories is increasingly using publicprivate partnerships or P3 financing for large capital projects. P3 project accounting and disclosure is an area that continues to evolve. To better understand what P3 projects the GNWT has initiated, their costs and impacts on public financing, please provide a list and a brief description of all P3 projects undertaken by the GNWT with partners for each P3 project and:

1. The original projected capital costs, operating costs, debt servicing costs, and any projected revenues and associated timelines for each project at the time of their approval by Cabinet for the last ten fiscal years;

2. The annual actual capital, operating costs, debt servicing costs and revenues for each P3 project for each of the last ten fiscal years;

3. The P3 costs (capital, operating and debt servicing) and revenues as a percentage of the main estimates and capital estimates for each project during each of the last ten fiscal years; and

4. Whether there is any analysis conducted on the impacts of P3 projects on public financing, particularly programs and services, and whether any of this analysis is publicly disclosed.

Mahsi, Mr. Speaker.