Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

I just want to establish what happened. To return to the latter part of the discussion, on the tender bid, the line in the minutes states that the board agreed that the tender bid should be in the sum of €411 million. We have gone from approximately €300 million up to €375 million and now up to €411 million, but the board has delegated the authority to Mr. McNamara to bid up to €437 million. Is that correct?