Mr. John Hogan:

I am not sure I agree that it is as straightforward as that. There are a number of issues about how the private sector might fund the initiative and how it might organise the project. Perhaps the private sector is more operationally efficient in terms of the administration of a schools programme. It is difficult to make statements about whether it is more problematic or more difficult to have the private sector involved where there would be an upfront and immediate capital investment from the public sector. These are some of the issues at play in terms of how the Commission envisages unlocking the available private sector capital to meet investment projects across Europe that, by themselves are unable to avail of funding to have them completed.