Mr. Tom Costello:

I will try to clarify that. I respect the fact that it is perhaps confusing with so many numbers. It is certainly complicated. When we talk about the contract with BAM, that is a figure, excluding VAT, for the construction of the national children's hospital at St. James's Hospital. It does not include the satellite centres or design fees. When we speak of the tender for BAM, therefore, that is solely for the construction costs and not an overall development cost for the project, which includes not only the national children's hospital at St. James's Hospital but also the satellite centres and the associated costs of staff, design fees etc.

Through the stage two process, that figure of €640 million has gone to €890 million. We are talking about two different quantums of work when we talk about one and the other. We are also talking about a shift of risk and getting to a place where there is certainty about a large complex project.