Mr. Fergal Mulligan:

The special purpose vehicle is National Broadband Ireland. That is what it is now called. It would have been called NBP Co., hypothetically, but since the final tender came in, National Broadband Ireland has been incorporated. It is a special purpose vehicle incorporated and tax resident in Ireland. It will have a board that is answerable to the Minister, with the Minister's appointee in senior management. Whatever turns out to be the cost of governance, be it up to €10 million or otherwise, will relate to the Department. I refer to a unit that governs for a period, and there may, or may not, be an agency that does something in the future.