Mr. Kevin Meaney:

The information that is published is very up to date. Social housing bundle number two was operational from 2021 and it is all captured in terms of the construction cost and our expectations of the unitary payments. It will be handed back to the State in 2046. That has to be an assessed figure for the unitary payments. Some indexing is allowed over time for certain parts of the operational expenditure so it is an estimate. We provide for 2% inflation per annum but it can change.

In terms of active projects, before they are approved, there are four different stages at which value for money is assessed. This is post tender. Before financial close, the tender is assessed for value for money. In many cases, it does go to Government for a decision.