Mr. Robert Watt:

I would never speak in such terms. As we mentioned, the system is vast. Mistakes are made. Sometimes there are legitimate reasons for mistakes. At other times the reasons are based on maladministration, lack of leadership, poor decision-making or systemic failures. We need to differentiate here. I will come back to the incidents the Chairman mentioned in a moment. I just do not accept the general characterisation that can come out of the types of discussions that all projects are mismanaged and that there are overruns.