Mr. Michael Kennedy:

That does not mean that it is a bad scheme.

The Deputy asked if we had the choice again whether we would do it by a PPP. Lower traffic volumes on the PPP side are also lower traffic volumes on the Exchequer side. Both sides would be compared and both would be lower. The expectations would not be as high as when we procured the scheme. We did assess it and re-examined the scheme in the light of the traffic volumes known at the time and the information on the traffic guarantee amounts being paid and the cost benefit result was that it was still a viable scheme, given the volume of traffic using the tunnel every day.