Mr. Des Whelan:

I think it is. It is hard to predict that length of time but in terms of port infrastructure, we have to take a long-term view. For example, we expect the bulk and container business in Waterford to grow. We have just completed a hydrodynamic survey of the Suir Estuary. Port of Waterford's biggest challenge is the cost of dredging. For a small ports like ours, it costs more than €1 million a year. One of the things the survey threw up was that two points on the River Suir, at Cheekpoint and Duncannon, require constant dredging. By building a trailing wall at the side of the river opposite Cheekpoint, we can take €500,000 a year from dredging costs. This is one of our immediate requirements. We hope to look at this seriously in the next two or three years. We have consulted with our stakeholders on the river. It is a long time out but putting infrastructure in place for somewhere such as a port is something on which we have to take a long-term view.