Mr. Kevin Meaney:

It was 10% of total Exchequer capital per annum. We have to test it each year. It did not get close. It got to about 7% when Exchequer capital was quite low in 2012, 2013 and 2014. We removed that. The IMF's suggestion was that there should be a notional charge or a charge against the Exchequer allocations of a sector for the PPP projects. Therefore, if a sector is going down the route of PPP and the construction cost for next year will be, say, €60 million for that sector, the recommendation is that we would subtract the €60 million from its Exchequer allocation. That was the chief recommendation. Value for money then has to be the key guideline. You should only go down the PPP route if it is seen as a better way of delivery than through the Exchequer. That is a change in our policy. That was the main change that came out of the IMF review.