Meanwhile, our Premier isn’t worried that the lower Churchill development won’t be in today’s Federal budget. Our premier contends that Federal support for the $6.2-billion venture doesn’t require budget approval through a vote in Parliament, and thus the province will not have to wait another year for financing as some have suggested. “The minister of finance has the authority, with cabinet approval, to enter into a loan guarantee with Newfoundland and Labrador” Dunderdale said.
