Mr. Ciarán Ó hÓbáin:

Ultimately, we are significantly below where we were supposed to be with the spend, because it has not delivered. In 2021, we were more than €50 million behind the projected spend on the project. NBI has not made the milestone and, therefore, the subsidy has not been paid out. Penalties will potentially arise this year and onwards if NBI does not recover on existing milestones and meet future ones. That kicks in from this year onwards. Other operational KPIs include BCPs around the country that may be out of service for a few hours when they should not be. NBI suffers penalties for that and we have imposed penalties on it for those across the country in the past 12 months. Some 6,500 premises are connected. Thousands more should be connected. NBI is losing revenue daily because it is delayed. Those are the penalties.