It would take eight years for the territory to see the $36.5 million it invested in asset-backed commercial paper if investors approve a restructuring plan proposed.

An Ontario Superior Court judge has approved the protection of the troubled-ABCP investments across the country until a vote is taken on the restructuring plan in April.

During a press conference held late this morning, David Hrycan, the deputy minister of Finance, told reporters in the Yukon's case, the restructuring plans would see the funds it invested rolled over into investments that would all mature by 2016.

The decision comes after months of waiting to learn the future of the investments, made in the summer of 2007.

"That's a breath of fresh air," Hrycan said of the information being released.

The plan is pending the approval of all investors. It needs the approval of more than 50 per cent of investors, with each investor getting one vote.

It also requires that two thirds of the investors by dollar value of investment vote in favour of the plan.

About $33 billion in investments across the country are tied up in the ABCP market.

While the vote will occur in the third week of April, results likely won't be known until later in May, Hrycan said.

The government's investments would be reissued with $33 million in an A class, $2.5 million in a B class and $1 million in the C class.

Interest in the A class investments would be paid out quarterly, while B and C classes would pay interest when the funds mature.

Interest on the funds that have been held since last year would be paid out after the deal is approved in May, subject to any fees for the committee overseeing the restructuring of the investments.

Internal Finance discussions have indicated the government will vote in favour of the restructuring.

Pending further details on it, Hrycan said, he is unsure whether the final decision on the vote would rest at the political level or with officials, or a combination of both.

If it is at the political level, the advice from the department will likely be to vote in favour of the plan.

"This is the best deal we can probably get," Hrycan said.

Given its positive financial state, the territory can wait for the investments to mature, Hrycan said.

The annual budget is set to be tabled Thursday afternoon when the legislature reconvenes for its spring sitting.

As for whether the investments as restructured would meet the territory's Financial Administration Act, it's too early to tell, Hrycan said.

An auditor general's report earlier this year revealed the territory didn't meet the act's requirements when it made the investments.

Under the act, investment must be guaranteed by the bank or rated as the highest classification by two rating agencies.

"This will not be guaranteed by the banks," Hrycan said before noting it's too early to tell whether two rating agencies will rate the investments.

Finance officials are expecting to go to one of the information road shows the committee dealing with the restructuring will be holding in western Canada. No dates have been set for the sessions yet.