Mr. Michael Phillips:

I regret the position regarding the current value. At a meeting I attended recently, one of our councillors asked me if we were not undervaluing the land because prices have increased. I stated that we were obliged to call it on a particular day and that was the value on which we decided for the moment. We are obliged to deal with the going rates in the market at any particular time. As the Deputy will appreciate, PwC's analysis shows a positive return in respect of this project.