Thank you for the opportunity to present on project finance and the PFI market. I thought I would write to make a few further points which were raised in the session but we did not have time to cover fully. These points are relatively inter-related and relate to the potential for a UK infrastructure bank, whether risks for a project are the same irrespective of the method by which they are procured, and finally whether Government can benefit from the procurement disciplines of PFI without incurring the cost of finance.