Mr. Dermot A. Ryan:

The plan was presented to the then Department of Arts, Sport and Tourism in 2006 or 2007. It envisaged significant capital development at Limerick and a few other tracks. On the basis of the plan, Bord na gCon sought to have the borrowing limit increased to €25 million. It submitted an application to the then Department of Arts, Sport and Tourism in 2009. Arising from it, Bord na gCon received approval to increase its borrowing limit to €25 million.