Mr. Speaker, what is not clear is what the hon. member is actually asking. He has asked two completely different things, using two completely different sets of numbers.
Today he refers to the fifth report to Canadians, which uses wording such as “--will create over 300 jobs and inject about $30 million into the economy”. But the member has repeatedly asserted in question period that the budget contains a statement with the wording “--receive $30 million in new money for infrastructure upgrades”. That is very different wording. The budget simply does not state that.
Once again, let me reiterate the facts for the benefit of all hon. members and those many thousands of Canadians who will be viewing this tonight.
The University of P.E.I. is receiving funding under KIP to update essential physical infrastructure to several of its campus buildings. The total cost of these upgrades is $4 million, of which the federal government is providing $2 million.
KIP is also providing funding to Holland College to undertake a major renovation of the Charlottetown Centre and to construct a new centre for applied science and technology. The total cost of this project is $17 million, of which the federal portion is $8.5 million.
Taken together, federal funding for P.E.I. under the KIP program totals $10.5 million over two years. This funding is generating jobs and other economic benefits to the Island, while at the same time renewing important--