Ms Michele Connolly:

The details underpinning what is on those 12 pages are commercially sensitive. They are elements that take information from each of the bidders in the process that would have informed the analysis and thinking. It is commercial information that is confidential to the bidding entities. That is the reason the decision has been made to redact it. In our assessment we would have looked at the details and the results of the reappraisal indicated that, from both a financial and a non-financial perspective, the gap funded model which is what we have had come out ahead based on each of the elements on the redacted pages.