Again, I just want to make sure that we welcome all the members to the Northwest Territories. We are always very happy when people visit us here, so thank you for doing that.
In terms of our hydroelectric projects, the Taltson project is probably the largest in terms of the potential to export. It is going to be quite an expensive project, and we think it has some real potential for the new Canada infrastructure bank. We're hoping to see some fairly good guidelines come out of that, which will give us some flexibility to see if we could advance that project through that type of an arrangement.
It also is a project that has considerable front-end work that needs to be done in terms of the planning and the environmental assessments. We think the federal government can have a role there.
The final one on the large projects that I would mention is that we have a federally imposed borrowing limit in the GNWT of $1.3 billion for long-term debt. We have had some success in recent years in being able to get that increased. We have the second highest credit rating from Moody's and have had that for 11 years, but if we're going to be able to partake in and advance some of these very large infrastructure projects, we're going to need to look at that issue. We need to make sure that our debt is affordable within our fiscal arrangements without being so restrictive that we have to pass up opportunities.
There are a number of other hydro projects out there. Some of them are large projects, but there are also mini projects. We have projects very close to small communities that aren't accessible by road and could do exactly what you said, replace electricity generation from oil-fired generators but also potentially heat. We think there is some role for that in some of the various infrastructure pots as well. We think there are lots of partnerships there, and there are a few of those throughout the N.W.T.