Mr. Speaker, I want the hon. member to know that it is disappointing the proposed purchase of the Davie shipyard seems to have been unsuccessful. This was a negotiation between companies in the private sector.
There has been a lot of effort both from the Quebec government and the federal government to save Davie Industries. Everyone tried very hard, but even with all the government support, it did not save Davie.
Industry Canada has provided substantial support to Davie over the years. Most recently, in June 2006 Public Works and Government Services Canada advanced the remaining 2006-07 funds under the 1997 agreement for the dry docks in order to allow a final delay to assemble a financing plan for the sale of the shipyard.
In 2004, Industry Canada contributed $7.4 million through the structured financing facility to facilitate a ship conversion project that was undertaken at Davie. Also in 2004, Public Works and Government Services Canada advanced $2 million to Davie under--