Mr. Niall Healy:

The seeking out of this loan facility shows how proactive the council is in trying to secure funding from a range of sources. We have a range of competing needs and demands. We recognise that this is probably the biggest single issue for Fermoy as the river is the centrepiece of the town and a good deal of economic development and tourism activity derives from it. There are, however, a series of terms and conditions attached to that EIB financing. There are a number of funding partners involved. A series of prerequisites must be met.