Mr. John Tierney:

How a body delivers projects like that in a capital programme is dependent on how much money there is for capital investment on an ongoing basis. We want to achieve two critical matters. Currently, there is only approximately €310 million per annum available in that regard. It was difficult for local authorities because even at the height of output in the sector, the proper funding of the capital piece only existed for probably five of their 130 year existence. As a utility we can marshal ourselves in terms of economies of scale, the market and in establishing a consistent customer base in income and we are trying to get additional funds. Our target is to get approximately €600 million of investment. We are trying to deliver that investment with no more cost than approximately €450 million per annum. That is the type of efficiency we are trying to bring.