Mr. Mark Griffin:

Deloitte gave a clean bill of health as part of an overall economic appraisal of the project. It verified that the valuation of the Nortel equipment that was required to light the dark fibre would be in the order of €1.3 million.

In fairness, Deloitte would not have done an assessment on the specific equipment that was to be used, nor would one expect as much. Deloitte would not have known, for example, the equipment used on the project was not new.