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The Canadian and Newfoundland flags fly at half mast in Dover, Nfld.CP/ANDREW VAUGHAN

The Liberal party in Newfoundland and Labrador has rolled out its election platform.

Liberal Leader Kevin Aylward says all of the promises will cost $145-million in the first year alone — if the Liberals win the Oct. 11 election.

As well, Mr. Aylward says the party would immediately halt development of the Muskrat Falls hydroelectric project, pending a full review.

Among the party's new initiatives, the Liberals plan to create a legacy fund by investing 10 per cent of oil revenues — that's about $250-million annually.

The Liberal leader describes the fund as a savings plan for the province's future.

The party also promised to set up a $250-million fisheries diversification fund and launch a judicial inquiry into management of the fishery.

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