I thank the Minister for the statement. Of course, I agree with the intention here, namely the need to look for innovative ways to boost investment in our infrastructure: infrastructure that shows the clear evidence of under-investment historically—and that under-investment, I remind you, has come from Labour and Conservative Governments over the years. Although I do agree that the age of austerity has deepened this problem.

So, yes, we need to look at the range of models that are available or that can be developed. I look forward to seeing the development of the principle of raising money through Government bonds. Could I also say that I’m pleased to hear a reference in the statement to our relationship with the EIB? It’s a great concern that there's a lack of attention or certainty, in terms of the Brexit debate, in terms of safeguarding the investment that’s available through the EIB at present, and I do agree that we should ensure that that relationship between the EIB should continue in the future. I have been to the headquarters of the EIB in Luxembourg, along with a number of other members of the Enterprise and Business Committee of the last Assembly, and realised the appetite there is and the ability there is within the EIB to look for projects that they can support for the benefit of long-term investment in strengthening our infrastructure, and I fear for what will happen if that is lost.

But, turning to the mutual investment model, our party has given a careful welcome to the statements by the Welsh Government on the model so far. One frustration that we have voiced is the lack of ambition, possibly, in terms of how much we can look to raise or invest using this model. But, of course, we need to be careful and note how important it is to get the right model. We are, naturally, going to be having comparisons with PFI, and the Minister has made those comparisons in order to try to ease our concerns. Some people are going to look at the definition of this model and the definition of PFI and they’re going to find them quite similar, but I think that what we’re looking for is assurance that risk does reside in the right place, because, clearly, to be plain, far too many PFI projects showed that there was very little risk that was undertaken by private investors while they were making great profits.

So, could I ask the Minister, following a series of commitments that this is different, what steps are going to be taken to evaluate the contracts as they proceed to ensure that that balance of risk has been struck appropriately and that there are not excessive profits? Because this is a mutual investment model and we always need to be evaluating this to ensure that that’s what we have, because while investors, quite fairly, need to see a return in the long term from an investment, we need certainty that there is value for money for the public purse.

And, secondly, possibly referring back to our frustration about a lack of ambition at present, could you give us an idea of the next steps for looking for further investments using this new model and give us some explanation about how prioritisation is going to happen? Because, before the last election, we in Plaid Cymru were talking about giving the power to prioritise in the area of infrastructure to an arm’s-length body, and I would have a great interest in knowing to what extent the Government is going to be looking for advice and leadership and a civic discussion on setting the priorities for using this new model in the most effective way.