Mr. Hubert Loftus:

No, as I said earlier we have a very strong project roll-out. Obviously this comes at a cost. We are very conscious of the support of Government and our colleagues in Department of Public Expenditure, National Development Plan Delivery and Reform in supporting this and in supporting these very needed projects.

If we look at the €300 million supplementary budget, €55 million of it was Ukraine related. The breakdown of the €245 million includes project roll-out. Obviously there is an inflation element and it is not easy to break it down clearly. For example, in 2021 and 2022 inflation levels were significantly higher. They were in the territory of 11% 12% and 13%. Normal territory in school buildings is 5% or thereabouts. There is obviously an element of a premium. A strong element of the remainder is a very strong proactive project roll-out.