Marilène Gill on Questions on the Order Paper

With regard to the Minister of Finance’s involvement in the Muskrat Falls project: (a) what were the findings of the risk analyses conducted by the Department of Finance to justify two federal loan guarantees of $6.3 billion and $2.9 billion, respectively, to enable Newfoundland and Labrador and Nalcor to carry out the Muskrat Falls project; (b) does the Department recommend that the government offer further loan guarantees to cover the project’s rising costs; (c) is the value of the assets of the Muskrat Falls project greater than the $9.2 billion in loan guarantees; (d) does the fee of 0.5 per cent that the government applied to the $2.9-billion loan guarantee announced in November 2016 indicate that this new extension of funds will not be backed by Muskrat Falls assets; (e) has the Department assessed the ability of the Newfoundland and Labrador government to repay the federal government in relation to the Muskrat Falls project should the federal loan guarantee be implemented and, if so, what were the findings of the assessment; and (f) has the government considered the possibility that Newfoundland and Labrador may default on payments to the government following the implementation of the federal loan guarantee, which enabled it to carry out the Muskrat Falls projects, and, if so, what conclusion did the government reach?