Martin Mansergh (Fianna Fail)

I completely reject Senator Paddy Burke's contention that it is another layer of bureaucracy. It is substituting for consultants who often cost much more than bureaucracy. We are talking about a procedure which is already there, not adding another procedure. The experience with bodies like the NTMA showed that there is a possibility of saving significant amounts of money and of broadening the range of financial instruments which can be used to fund projects. It is failure to understand it that would lead any Senator to say it was another layer of bureaucracy. If that was all it was, there would no point in the Bill.