Mr. Speaker, as I have mentioned in my speech, the lower Churchill project will provide significant economic benefit for the whole Atlantic region. At peak employment, we are talking in the order of an estimated 3,100 jobs for the Atlantic region, which is a region that certainly needs employment. In addition, this project will substantially help reduce greenhouse gases by 4.5 million megatonnes, which is the equivalent of over one million cars.
Our government is signing the term sheet for this loan guarantee. This shows our government's support for Newfoundland and Labrador, Nova Scotia and indeed the entire Atlantic region.