Thank you, Cabinet Secretary. The Public Accounts Committee yesterday published a report on the Circuit of Wales project—and there is a link here, Deputy Presiding Officer—which deliberately focused on two very specific areas of scrutiny. The first was the Welsh Government's managerial approach to ensuring that the Circuit of Wales project delivered value for money, and secondly, the Welsh Government's decision-making process that ultimately led to the scrapping of the Circuit of Wales scheme.

Now, that report identified specific failings in relation to the Welsh Government's method for ensuring value for money, including confusion in relation to the complex web of supplier relationships and overall approach to protect management that could have exposed the Welsh Government to undue risk. So, can I ask what new and specific measures were put in place by Ministers, and followed by officials, in order to guarantee that the procurement process to award the new franchise delivers the highest possible value for money for taxpayers? And can you assure us that, like in the case of Circuit of Wales, similar stringent measures have been put in place to protect the Welsh Government from the possibility of legal challenge, following the completion of the tendering process?

There have been some concerns expressed about the transparency in the current process. Now, the Department for Transport publishes the specification that they are asking people to bid against, and on announcement day, they always give an overview of what the new contract will contain, and they have the same 10-day challenge period also. I'd appreciate any comment on that.

Also, 12 months ago, you stated that the benefits of the new franchise would be felt by passengers immediately, and last week, the First Minister stated that improvements resulting from the new franchise would take years. For passengers' sake, I wonder if you could clarify who was right.

And very finally, when do you plan to bring forward a statement to the Chamber, an oral statement, with regard to the new franchise following today's announcement?