Mr. Seamus McCarthy:

If I could just say that when the commercial sensitivity of it would be removed is after three or four years when the project is up and running and it has settled down. As I understand it, there is a requirement under the capital appraisal guidelines that there be a look-back exercise to verify that the value has been delivered in the way that was expected. Conventional PPP projects have been running since around 2003 and I am not aware of any look-back exercise having been published. There is a dearth of public knowledge about how this works and why it delivers value, and it is something that possibly needs to be addressed. It might need to be taken up with the Department of Public Expenditure and Reform as well.