Mr. Chair, this was a project to mark the centenary of the now Royal Canadian Navy with a monument, essentially to honour the fallen from the RCN and the Canadian navy. It is located at Richmond Landing, just below Parliament Hill. Construction started about a year and a half ago. It is about two-thirds complete, I think. The last time I went by it on a bicycle, I actually saw a number of the panels in place. It's quite a unique design selected in a competition. Ground was broken about a year ago.
The transfers are really to complete the funding of the project, for a total cost of $2.33 million. I'm not aware of exactly when it will be opened. It may well depend upon the harshness of the winter this year. But I suspect that the navy commander would hope to have a ceremony for the Battle of the Atlantic this Sunday at that site.
Does that answer your question, sir?