Mr. Jimmy Deenihan:

Having been involved in projects for years, I see the importance of borrowing and having that capacity. I think the seven traditional universities have borrowed up to €1 billion. That gives them a great advantage of the TUs, which cannot borrow at all. If we could borrow tomorrow morning, I can see the student accommodation problem solved or at least certainly on the north campus at Tralee and in Bishopstown. It is really important. It is in the Bill but it has not been enacted as such yet. The HEA has to do that. It is critical. If that was a recommendation coming out of here it would be very important.