Mr. John McCarthy:

The decision we made at the time was that the State should step in and provide the funding to remediate and deal with the issue that arose. Over 100 houses were involved which had been very significantly developed and we were potentially looking at a situation where this development could have lain there for God knows how long had it gone down the legal route. As I said, legal proceedings are still going on ten years down the road. There were two dimensions to it. One was to get the project completed. The options for dealing with that were looked at and risk assessed and the particular option that was chosen was determined arising out of that. The other was a parallel vehicle to try to deal with the reality of the uncertainties, legal and otherwise, that existed and at least keep open the options for the State down the road.