Mr. Steven Burgess:

That is correct. Across all the deals that have taken place in Ireland during the past ten years, they would all involve international equity investors. The contractors are by and large almost exclusively Irish and that is a difficulty for us looking forward. We talked earlier about the marketing of the stimulus package and attracting equity investors to invest in Ireland. No different than our colleagues on the NTMA debt bench going to market Irish bonds but the delivery vehicle will be the Irish construction industry and that has taken a significant knock in the past number of years. The CSO's report published in the past few days shows how much the productive output of construction has dropped.