With regard to the ongoing projects that have been approved and are being funded under the Canada Strategic Infrastructure Fund (CSIF), the Municipal-Rural Infrastructure Fund (MRIF) and the Border Infrastructure Fund (BIF): (a) are any projects experiencing cost overruns as a result of unpredicted increases in the cost of building materials, labour, fuel and, if so, which ones and what is the value of these cost overruns; and (b) has the government developed any strategy for providing financial assistance to the recipients of CSIF, MRIF and BIF grants who are facing cost overruns caused by unprojected increases in the cost of fuel, labour or building materials?
In the House of Commons on October 19th, 2006. See this statement in context.