Thank you. Good morning everyone.
We did receive some substantial investments into the program. It's B-base funding of $250 million over a two-year period. We are currently moving the list of projects through approvals. The money we received is for maintenance, repairs, and dredging operations for our core fishing harbours. There's also a significant amount that will be going to divestiture of non-core fishing harbours, to reduce the department's risk in this regard.
As our deputy mentioned, the A-base funding that we have is about $100 million every year. Those projects are under way for this year. We're confident we'll be able to deliver on the program. We have a strong track record of doing that. Over the last three years, in addition to our A-base funding of $100 million, we've been able to spend over $400 million in additional funds. As soon as we have the list finalized, we'll be sharing it with the committee.