Mr. Ciarán Ó hÓbáin:

There are a number of checkpoints through the course of the contract where the economics of this are tested because we do not want to get to a point in the contract - we discussed earlier what happens if one is in dispute - where we find this is actually not working and the bidder is failing to deliver and to fix it. There are checkpoints the whole way along in terms of payments, payments being withheld, financial penalties and controls. That is on the downside. On the upside, there are checks in there and they happen every number of years as one moves into the contract to the point where it could be profitable. There is an exercise carried out and the State could be due a payback of subsidy already paid if it turns out this is more profitable than the bid anticipates it to be. Both sides are protected.