Mr. Glenn Carr:

To follow up, from our point of view, time is critical. We now have our foreshore licence. We will be submitting MAC as soon as we can and then it is through planning. We have to be through planning in six to nine months. There is no room for error on this because we are phase 1 and phase 2.

The industry will need a port like the facility that is being built at Rosslare if we are going to realise its potential. On funding, there is going to be a requirement for intervention. If we just stand back and look at it, there are no bankable contracts as we speak. The developers that were successful last week are now going into planning. If you are going into corporate debt, project debt or any type of debt like that, the funders are looking for surety of the revenue stream. We know it is going to happen, but we do not have signed contracts. Nobody will have signed contracts until there is surety on both sides. One is that we have the facility built in time, but are willing to take that risk because we will develop and deliver the project. From our point of view, until they are through planning, it is very difficult for developers to commit. There will be a requirement for support, particularly in the magnitude of port investment.