Mr. Mike Quinn:

On escalating costs around the project, when I joined the company back in November, one of the first actions I took was a deep dive into the five major projects under way. We have put in place a qualitative risk assessment, QRA, around each of the projects. If one looks at the breakdown of the costs around the project, the actual construction costs, as Mr. Grant mentioned earlier, are at around €850 million. We have contingency in there at 22% under the QRA, which is almost €299 million. We will endeavour to do much better than that. It is built into the €1.3 billion cost. It is a P60 contingency.

In terms of the money to get projects to being shovel-ready, there is a cost of €168 million on that. That is already in place.

We hope it will allow us to put the first shovel in the ground in 2021. I hope that I have answered Deputy Ó Broin's question on cost controls.

Regarding governance, this project reports directly to me. I have instigated a change control board and any scope variation in the project has to go through me. It then goes to the investment and infrastructure committee, which is a sub-committee of the board, and finally to the main board for approval.