Minister Fortier, and prior to him Minister Brison, pointed out that the federal government needs to look into the size and scope of the real estate portfolio. Ultimately belonging to taxpayers, the portfolio is held through the federal government via the Department of Public Works. It is in need of recapitalization. Our government has contracted out advice on how to best achieve this. In the expenditure review, $100 million, later reduced to $75 million, was set aside for business transformation on this front. What should taxpayers glean from this, in terms of our approach to recapitalization and asset management?
On November 2nd, 2006. See this statement in context.