John Curran (Dublin Mid West, Fianna Fail) | Oireachtas source

Before we conclude, I have two very brief questions for Mr. O’Kelly. When the Minister for Finance, Deputy Noonan, was answering questions in the Dáil recently, he referred to the fact that the NTMA is looking at different funding models. I take it from the discussions we have had today that one of those specific models is what we are loosely calling NARPS 2 or something around that. Earlier, Mr. O’Kelly spoke about infrastructural deficits. I take it that might relate to a different funding model, again off-balance sheet. Could Mr. O’Kelly please comment on that?

Could Mr. Dorgan or Mr. O’Kelly please respond to the next point? We had the Irish League of Credit Unions before the committee. It has substantial funds available. It is the element of risk that determines exactly what is what in respect of all projects. Do the witnesses have any comment to make on the funds which are available and which possibly could be used? I realise there is a cost element as well as a risk element. I suppose the risk element determines the cost.