A10 - The Terrace Standard, Wednesday, July 29, 1998 From front nomic advancement.’? Martin said his biggest concern about the deal was the final wecks of (he negotiations was wrong and undermined legal language required to ensure certainty and finality, the province’s credibility in future claims. But he says the language indicating the Nisga’a ‘“‘release’? » - ‘We were treated badly by the government,” he said. ail future claims has convinced him it’s been ‘‘fairly well “To bypass that whole process at the 11th hour because of addressed,’ He said there are also some lingering local concerns people who pul ina lot of time,” Gerry Martin Claim cost THE COST of settling the Nisga’a Jand claim will ex- ceed $310 million. Once the value of the land, loss of resource revenue and federal fiscal transfers are added in, the total nears half a billion dollars. A breakdown of known costs was released July 22 at a hastily organized news conference Wednesday after Liberal leader Gordon Campbell released some details the day before. Here's a listing: One time payments $190 million is the capi- tal transfer to the Nisga’a agreed to in the agreement- in-principle. It’s paid out in installments over 15 years. @ $41 million commit- ment by the province to rebuild sections and to pave the Nisga’a Highway over seven years. MA $30 million transition furd from the federal government will help im- prove infrastructure and facilities in the Nass valley, and also provide training support and replication of cultural artifacts. This is likened to federal assistance grants for infra- structure that sometimes ac- companies things like the transfer of airports to local authorities. @ An estimated $18 to $25 million will be required to compensate third parties affected, primarily Skeena Cellulose for loss of timber supply. The cost will be shared equally by the feds and province, @ $11.5 million is to buy the Nisga’a a share of the Nass commercial fishery, the cost split by Canada and @ $10 million goes to the Nisga’a-run Lisims Fishery Trust fund for fisheries con- servation and habitat. i $4.35 million is money the province will give to the Nisga’a for stumpage they collect from forest com- panies aver ihe first five years of the treaty. That’s to put the Nisga’a in the “same economic position’? as if they had been in com- plete control of forestry from day one of the treaty. @ About $10.4 million split by B.C, and Canada for treaty implementation costs, including employment and training money, enrolment and ratification bills. Land value m Estimated value of the 2,000 sq. km, of land the pfovince turns over to the Nisga’a is $106 million. Ongoing costs @ The province expects to give up $36 million over the years in stumpage revenue from forest companies that will now go to the Nisga’ a. That number’s a very rough estimate, expected to ‘vary wildly depending on prices, stumpage rates and numerois other factors, Transfers ’ i About $30 million over the first five years of the treaty to deliver programs and services to the Nisga’a, This is money that will get moved from the federal government books to the Nisga’a goverament for them to administer. It’s topped up about 10 per cent from the previous costs to Canada. The loss is offset’ by the fact the federal government won't have the expense of paying for those services. Nisga’a vote wanted He said there are high hopes among various Terrace about access to lands and fish and wildlife, but that overall businesses for joint venture opportunities with the Nisga’a. _ the trealy is good news for the local economy. “They have always been very supportive of the local From a broader provincial perspective, Martin says he’s business community,’’ be added. ‘Hopefully this provides not so sure the treaty is efficient or affordable for the them with the opportunities they need for social and eco- senior governments Looting the bill. And he says the lack of consultation with TNAC in the polilical expediency is pretty damn dissappointing for The Law firm of Halfyard & Wright, welcomes David Mardiros to the firm commencing July ist, 1998. 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