Mr. Francis Bilodeau (Acting Deputy Minister, Department of Industry) at the Industry, Science and Technology Committee

On October 3rd, 2024. See this statement in context.

October 3rd, 2024 / 9:20 a.m.

Francis Bilodeau Acting Deputy Minister, Department of Industry

Our funding to date for Telesat includes a contribution under SIF, which was $85 million. It includes a $600-million prepurchase agreement, where nothing has been paid so far. It includes a recent loan in the amount of $2.14 billion—

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