Mr. Jim Baneham:

Yes. The Senator also referred to the cost of each residential dwelling within the scheme. The overall cost of the scheme is between €53 million and €54 million and this includes construction costs of around €45 million or €46 million, design team fees, contributions to utilities, development levies and a plethora of other costs, some of which are associated with the construction period such as finance etc. This divides into approximately €340,000 per unit, on average. Because of the typology of the site and the dwellings, they are not the cheapest homes that can be delivered.

Senator Boyhan also asked how we might place controls over the transfer of lands. Enniskerry Road was an example of this and we intend to do something similar. As for where we are with the LDA, we do not have a legal document setting out in detail what the constraint would be. Naas is an example of what we want to happen, as the owner of the land. It has capacity for approximately 200 homes, close to the existing town centre and to the local authority offices. There is not much in the way of apartments or rental accommodation in the middle of Naas. We would like to have 10% as social housing, as is required by legislation, with the balance to be cost rental accommodation, meaning the land would be entirely a rental development. The long-term ownership of the site would be kept within a State entity. The LDA is receptive to that and has not raised any objections of which I am aware.