Mr. Frank O'Connor:

I will ask Mr. Ashmore to comment on what the ISIF does within its mandate, but with regard to NTMA the Deputy may be familiar with the National Development Finance Agency, NDFA, and may have seen in the slides we provided that the NDFA helps on giving financial advice and procurement advice on a number of infrastructure projects. Where it is a public-private partnership, PPP, that is an element of what the NDFA does. It gets involved in that side. A number of other infrastructure projects are done directly by the Exchequer or by Transport Infrastructure Ireland. The NDFA plays a role to that extent and PPPs are probably 5% of the overall infrastructure model. Sometimes it is more advice, or projects are done by the Exchequer. ISIF has an element of a role so Mr. Ashmore may comment on what ISIF does in that space.