Mr. Pat Keating:

The ports are directly involved in borrowing from the State for example. Lending could also be done through an EIB syndicated model under which the State may give some level of guarantee or surety at the outset for the initial phase, until the projects can be switched to a project finance model where the private sector takes over the Government's surety or guarantees. That period depends on how successful Ireland is at attracting developers to build out wind farms, in our case in the Atlantic Ocean. Given the available resource and the demand from Europe, that period should be quite short.