Professor Eoin Reeves:

That was simply because the justification for the gap-funding model was that if the ownership stayed with the private sector, that would help drive the subsidy down. When they went through the different ownership options, there were initially five options on the table but the detailed analysis was of just two. One was the DBFOM model and the other was the gap-funding model. The DBFOM model is that which is used for schools and roads and the key difference between the two models is ownership of the asset at the end. The reason-----