Mr. Jim Casey:

In summary, we are experiencing increasing costs in flood risk management projects of anywhere between 5% and 20% on most services and supply contracts. It has not affected us significantly this year, but we expect it will be more of an issue next year and the year after perhaps. On the Glashaboy contract, it was a hyperinflation issue that necessitated the collapse of that tender process. In that sense it did cause very significant delays on that particular project.