Mr. Speaker, Premier Danny Williams says that the Prime Minister promised during the election campaign and in writing to provide a loan guarantee for the $9 billion Lower Churchill hydro project in my riding. Last month in St. John's, the Prime Minister said that talk of a loan guarantee was premature.
This week the premier announced that he would go it alone, once he got enough money from Ottawa to go it alone. Premier Williams is confident that his loan guarantee is in the bank.
I am sure the Prime Minister will want to keep my constituents in Labrador, the owners of this resource, informed as to his government's plan. How big of a loan is his government willing to guarantee for the Lower Churchill development?