Mr. Brian Purcell:

I do not agree on this count. I am not going to go back over the history of every project that would have begun, many of them were before my time in the job. On this project, however, I am not sure how we could have managed it any better in the circumstances. The contract was awarded and through no fault of our own, the company that was awarded the contract went into receivership. It was not in a position to proceed with the project and by the time we were at a point where if we had gone to tender to engage another company to complete the project, we did not have the money because our capital budget had been cut. We could not proceed. It was not a case that we walked away from a project, writing it off because we had made that decision. We had no option.