Thank you, Mr. Premier. Yes, I think it's no secret that it costs three times as much to operate anything in the north. I always say that a dollar down here is like 33¢ in the north.
I think another important point is the fact that any investment in infrastructure in the north, whether it be housing or any kind of infrastructure, is actually a direct investment in the southern economy, because anything we buy up there to build with comes from the south. You talked about major infrastructure. You mentioned the Grays Bay port and road project. I was in Winnipeg about a week and a half ago for the Hudson Bay regional round table. We just had the 20th mining symposium in Iqaluit this week. There are two major projects there, Grays Bay and the Manitoba Hydro road project coming up into the Kivalliq region.
We all know that in order for the economy to grow...and that's what this is about, economic growth for the territory and the government's commitment to look toward creating a sustainable economy in the north. Canada invested in the roads across the country in the south. They invested in the railway. They invested in the harbours. The only jurisdiction left in Canada that hasn't had that investment is the north, and specifically Nunavut.
Do you think there is a requirement for this type of infrastructure investment to allow for the economy to grow and to have the opportunities there for the territory to create employment, lower the cost of living, and bring in alternative sources of energy? As Minister Savikataaq mentioned, there's also the connectivity with fibre optics. I know it's something that the territory can't afford.
As we know, an investment like this would be high up front, but with dividends would pay for itself in the long run and create that opportunity. What we all want is a sustainable, self-sufficient, self-reliant territory, and these investments would help achieve that.