Mr. Mark Griffin:

It is not a "Yes" or "No" answer but it will be a brief answer. There are three stages when we look at this. It will get paid for what it has built. The impact, as Mr. Mulligan described earlier, is that work continues and it has to fund additional working capital. It also loses out on revenues to the company. I do not want to call this a penalty but it is a consequence and it is a significant consequence for the company. The second point Mr. Mulligan mentioned is that there are delay payments. These delay payments are applicable from the first day of the third contract year and will be applied where there is a delay in achieving build-related milestones.

Looking back at the transcript, a Deputy used the analogy of a concessionaire running a road and getting hit with penalties for closing down one of the lanes. These are the types of penalties that arise when connecting and passing. These are real penalties. There are 17 key performance indicators. These include the time required to connect premises, minimum upload and download speeds, the number of faults, the time taken to repair them, price and service availability. There is a suite of penalties and consequences across the lifetime of the project.