Dermot Ahern (Louth, Fianna Fail)

No, that was the position under which the project was going to be financed if we had gone with this tender. We will consider other options. In the meantime, thanks to the good judgment of this Government, we have a National Pensions Reserve Fund. Despite the criticism of the sale of Eircom, the first deposit into the fund was €8 billion from that sale. In addition, we passed legislation to dedicate 1% of GNP to the National Pensions Reserve Fund.

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