Mr. Speaker, as the member knows, the project was badly mishandled and the results of that have been cost overruns and budget delays, which have put the Province of Newfoundland and Labrador at risk. That is why the Government of Canada is guaranteeing an extension of a loan guarantee for $2.9 billion with a commercial fee attached. We think this is the right thing to do. We think this is good for Canada.
In the House of Commons on November 3rd, 2016. See this statement in context.