Mr. Gerard Cahillane:

This goes back to 2009 and 2010 when the decision was made to bundle this group of schools. Most of the schools being delivered by the Department of Education and Skills are done on the traditional basis of a single project. Bundling school projects allows for scale and means they can be done as a public private partnership. In 2010, there was no money available to take the traditional approach, but it was possible to fund the projects off-balance sheet. We met the troika in respect of the stimulus package the Government introduced in 2010-11 and the package was approved on the basis that these projects would be done as off-balance sheet transactions, which need scale.