Mr. Seamus McCarthy:

Deputy Murphy is touching on a distinction between appraising the project to establish whether for example, building an incinerator to deal with waste is optimum from an economic point of view and the value for money test carried out by the NDFA, which is with regard to the best way to procure it. There is quite a distinction between the two. As the Deputy stated, if a project is undertaken on the basis that capital costs will be €100 million but after time elapses it turns out the project will cost €160 million, obviously one must revisit it. However, one must consider the economic case for the project separately and after one decides it is still worth doing the project then one can decide whether it is better to do it by conventional procurement or by PPP. Two issues are raised.