Mr. Ronan Gallagher:

This speaks to an earlier point. The regulatory review that was undertaken found fundamentally that the current regulatory regime is working, which speaks to the Deputy's point that there is not a huge amount broken. However, the review contained a series of recommendations for improvements that could be made. We certainly would not characterise them as being fundamental improvements and nor do we say we think they would necessarily result in fundamentally different outcomes. The review came about a year or two after the broader economic regulatory review undertaken by the Department of An Taoiseach and the decision was made to make those minor improvements around how the regulation is pitched. This means being clear that first and foremost it is the customers, that is, individual people walking through the airport, who have primacy of import when the regulator is thinking about the future development of the airport. As to whether that gets us to a different point in five years' time in terms of regulatory determination, I do not know but the view was that improvements could be made. We are committed to doing periodic regulatory reviews, a practice which is now becoming embedded in legislation. While it is rare enough that we will do a review every five or seven years and find fundamental flaws, if we do not make incremental improvements as we go through, we may have to make fundamental improvements at some stage. The idea is that we just make incremental changes and the Deputy is correct in characterising this as something that is not obviously broken. It is a tidying up exercise.