Federal Loan Guarantee

MR. SPEAKER: The hon. the Leader of the Third Party.

MS MICHAEL:Thank you, Mr. Speaker.

 

NDP Leader Lorraine Michael (MHA, Signal Hill-Quidi Vidi) says the Hydro Quebec legal case regarding the management of water on the Churchill River could threaten this province’s ability to borrow money for the massive mega project.

 

NDP Leader Lorraine Michael (MHA, Signal Hill-Quidi Vidi) says the increasing number of objections to and questions about the feasibility of the Maritime Link raises a billion-dollar question for her: Will the provincial government still insist on proceeding with the controversial Muskrat Falls project if the federal loan guarantee for the project is cancelled?

 

MR. SPEAKER: The Leader of the Third Party.

MS MICHAEL: Thank you very much, Mr. Speaker.

 

MR. SPEAKER: The Leader of the Third Party.

MS MICHAEL: Thank you, Mr. Speaker.

The loan guarantee term sheet for the Muskrat Falls Project allows for a sale or change of control of subsidiaries among the different parties to the loan guarantee. Section 4.11 does not specify which subsidiaries are referenced.

 

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