Mr. Brendan McDonagh:

Those sites are ones that are already sold.

Since this has become an issue, we have started a new process of selling sites under licence, generally trying to help the smaller developer to get access to sites. The developer does not have to pay the full amount upfront but pays a small amount and then pays a certain amount as he or she builds and sells houses on sites. We have introduced that as a condition of those sales. It encourages developers to make sure that they build. Once the house is sold, certain proceeds come back to NAMA, which will go towards the site payment.