Thank you for that great question.
Kivalliq is a very important region in Canada. It's immediately north of Manitoba and about 300 kilometres from Churchill.
We have worked well with Kivalliq on the Kivalliq hydro-fibre project. Through some of our programs, we have funded upwards of $15 million to date to get some of the preliminary work done. It's a very important project.
There are a couple of things that are important. We've had a change of government in Manitoba, and the new government is much more interested in being a partner with Kivalliq than the previous one was, which is really no surprise to me. They're interested in being at the table. They're interested in being a source of hydroelectricity for Kivalliq, but it's very preliminary, and those discussions are ongoing.
The second thing is that I've been talking to the Premier of Nunavut, who sees the benefit of that hydro-fibre link. There are a couple more projects in Nunavut that are equally important. These are long-term projects, which are going to bring incredible benefit once they're done.
In budget 2024, there are ongoing discussions about investment tax credits, which, in an ideal world, we hope Kivalliq will be able to benefit from.
It's an important file. It's a long-term file and a long-term investment, but we were elected to think long term in order to solve some of the large problems that Canada and the world are facing.