Yes, that is correct.
There are more than 1,000 small craft harbours in Canada. About 700 of them serve the fishing industry, and the remaining 300 are subject to divestiture. The department is looking for partners to whom it can transfer the ports in the short term. The $150 million this year and the $100 million next year will support the restoration of these harbours or their divestiture.
On the other hand, while the funding has been allocated, there are certain conditions attached to it. In particular, we have to provide a list of projects. Since the budget was passed, the staff at small craft harbours have been planning in accordance with priorities, their needs related to harbour quality, and the needs of the fishing industry to support its activities.
So there is no money for work or contracts submitted since the budget. We are waiting for confirmation of the list of projects and for information about Treasury Board's process.