PART THREE But remaining risks mean that a call on the taxpayer is still likely

This part of the report examines the areas where the public sector continues to be exposed to risk. When the deal was restructured in 1998, the Department avoided conceding any material increase in the net amount of direct grants payable to the project. Nevertheless, the restructured deal depended on the Department agreeing to lend money directly to LCR to cover future shortfalls in its cash flow.