Mr. Frank Allen:

Sorry, I was confusing two sites. There are three. Forget the site near Connolly Station. Those three are in the market. In terms of beginning the process, the board reviewed them to ensure land was not being sold which might be required for transport infrastructure in the future and to ensure the process being engaged in was the appropriate one to realise the best value for the sites. My recollection is we did not ask, nor should we have, how much was expected from the sale. The goal is to maximise the value for the company. The market will come forward with values. Then there is a decision to be made about whether those values make sense or not. I presume some of our property people already have a figure in mind. I do not know what it is and I do not want to know what it is. The best approach is to ensure there is a good, clear, transparent process to maximise the value and then to decide whether it is a good idea or not. That is how it is being done. That will all come to fruition very shortly. Tenders are expected before the end of the year so we will know in the coming months whether there are solid proposals. While the land is technically owned by the CIE group rather than Iarnród Éireann, any disposals of that nature are with a view to contributing money to enhance the infrastructure and recover the value of the infrastructure. As it is owned by CIE, how it is spread out over the various activities is a slightly separate matter. The money is absolutely to be used to improve transport. We have asked the property specialists to try to identify any other locations where there is land surplus to current or future requirements and to see how it could be disposed of so that any assets that are available to us are used for the purposes for which we are established which is to provide public transport. That is under way.