When it was announced by Minister Chantal Rouleau in 2022, it was $81 million, which is clearly not enough to cover the costs. There is the current wharf 1, which is supposed to reach the end of its useful life in 2033, but wharf 2 would have to be built before repairing wharf 1. Otherwise, we'd have to shut down the economy of Matane and an entire region for at least three or four years while the work is done, which we can't do.
So, we need to build wharf 2 perpendicular to the current wharf 1. Once it's built, we'll be able to restore wharf 1. That will make it possible to have more storage space and to get additional tonnage. Right now, opportunities are being lost because the deck has deteriorated so much. We're going to go from 300,000 tonnes to 500,000 tonnes, or half a million tonnes a year, which is an asset. That's not to mention the additional jobs created. Opportunities are being lost right now because the current wharf is in very poor condition.
