Yes, certainly. It will be tremendous for Newfoundland and Labrador from the perspective that it's going to create substantial work in a remote part of our province. It's going to employ a lot of people.
But beyond that, both for our province and for the rest of Canada, it will allow us to have stably priced power that's green. It will take something like the equivalent of three million cars off the roads of Canada. There's a lot to be done yet before the project is complete, but the loan guarantee absolutely is a great example of how Canada can participate.
The point I'd like to make, though, is that this is only about a quarter to a third of the total Lower Churchill Falls project. The Gull Island project is over 2,000 megawatts of power, and that one needs a route through Quebec to be viable.
Right now we have interprovincial rivalries that have for decades prevented this from getting done, so there's a role for Ottawa in making that happen as well, because it will benefit all of Canada with good, clean, efficient power that is badly needed in the maritime provinces and central Canada, and that potentially could access markets in the United States if it were allowed to proceed. This is a perfect example of an infrastructure project where private industry and regional governments can partner with Ottawa to do things that are going to generate long-term wealth and a long-term strengthening of our country in the building of this country.