Since 2005-2006, we have put forward a number of projects, and 15 of them have been approved and listed here. We provided the difference between the initial budgets and the final costs.
Take for example the C.D. Howe Building at 240 Sparks Street, which was a relocation because we emptied the La Promenade Building. At the time, we had established the initial cost at $8.1 million for work on the C.D. Howe Building. That amount included all our construction, fees, and so on. The final cost was $4.3 million. So there was a savings of almost $3 million that we can use for other things.
We have a number of projects like that. For example, the initial budget for the La Promenade Building was $83 million to $84 million, which included the contingencies and the rest. Our final costs were about $77 million. So we saved $6.4 million for those projects.
When we add up the 15 major projects that we have prepared, we see that we have managed to save $34 million because of tight project management.