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  Keith, the People's Port is one of the options IF DHB are refused permission to sell to the private sector. No argument there. I've just been answering untruths written by Alexander about DPPT. He has his own view about what he wants to see for the future of the port, there is no call for him to support that view by writing what is not true.
  
  Thankyou Roger.
  
  Alexander, you have ignored previous postings on this subject where the investment in the port has been dealt with specifically. Let me put it simply to you. The audited and tested DPPT business plan provides for the purchase of the port and all its assets on debt funding of a minimum of £200m net and investment of £100m in the T1 project and catch-up maintenance over the first 5 years from existing cashflow, no further borrowing required. T2 will NOT be required in the form currently envisaged by the DHB, the form that the Western side of the port eventually takes will be decided by a full review of the 30yr Masterplan, monies required for the developments that will be required on the Western side of the port can be raised ad hoc initially, but will be backed by infrastructure bonds in the long term, the DPPT business plan calculates that the initial bond issue will be in tranches with different maturity rates and that a 10 year bond tranche can be paid down in time to re-issue as a 40yr ticket and provide the long term low interest funding to underwrite the more significant changes that will be required on the Wesrtern side in due course.
  
  The £50m seed funding will be raised as part of the initial fund raising and then endowed to Regenco. Note that I clearly wrote IF we use the DCLG calculator then IT churns out those higher numbers. I am not working on or making any commitments with regard to the DCLG calculator's figures. I am clear that match and partner funding could raise the initial amount investmented in regeneration from a seed of £50m to between £125 and £150m.

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