Thank you, Mr. Chairman.
The project we have and the funding in the supplementary estimates (B) are allowing us to move ahead on two fronts on the OFSV, the offshore fishery science vessel project. The first is to complete the engineering for the ship. It's very important for us to have a complete three-dimensional engineering model of the ship before we move into construction. The second piece of what we're doing is to acquire most, if not all, of the material for that first ship so that when we do start construction we will have in the shipyard all of the motors, equipment, electronics, right down to the steel, in order to ensure that we have the information required from that material as we complete the engineering.
It is our hope that we'll be into construction in the spring of 2015 on the first of the vessels, for delivery sometime in 2016. That's the current shipyard schedule. The next two would come out at about eight-month intervals, so the final delivery, the third vessel, would be in 2017.