Mr. Robert Watt:

The Minister, Deputy Howlin, was delighted to restart the project. The Minister was able to find an allocation within the tight envelopes to develop it as a public private partnership given the improvement which has taken place in the market. This improvement has been brought about because of the dramatic fall in yields on Government bonds which has improved the market for a variety of classes of finance and debt, including commercial semi-State bodies and public private partnerships. We had been in a position where we were not able to move this or other projects but now we can do so. If the Minister were here he would want to state this project is fantastic and, as the Deputy mentioned, is in a part of the city which would benefit from redevelopment. It is probably the best green site remaining close to the city centre of Dublin. What is proposed is fantastic and the link up with the Luas line is another project to which the Government gave the go ahead. The positive is that we were stalled but are now able to move.