Dr. Dónal Palcic:

The differentiator that KPMG highlighted was the initial start-up cost and, critically, the strategic value that it assumed would arise under the gap funding model. In terms of elements that distinguish the DBFOM, or PPP, model from the gap funding model, though, the only thing that KPMG referred to was step-in rights, which are included in the gap funding contract that we have. Without seeing what KPMG's financial appraisal included and the figures used in that, we cannot say for certain what the situation is. Based on what KPMG has written in its document, though, one must question many of the assumptions that it made.