Mr. Speaker, some time ago, the Government of Canada and the Government of Newfoundland and Labrador signed an MOU for a loan guarantee covering the Muskrat Falls electrical project. Since then, we have heard nothing.
In our province, commitments from the government are often taken with some degree of skepticism. We wonder if this is really a commitment, or is it a scheme to keep the Government of Newfoundland and Labrador in line?
My question is for the minister responsible for Newfoundland and Labrador. Has the government completed its due diligence analysis and is it on time for final approval, or is this just another tactic it is using to keep the provinces in line?