Thank you.
From what we've seen, this is a commonality among PPP projects. The timelines get more extended than originally thought. As the other speaker mentioned, the U.S. is an example of very long delays on HSR and HFR. I think there is sometimes a difference in Europe or locations where there is a stronger control of state-led companies. As we discussed here, they have more control and more familiarity in dealing with other levels of government than some of the private operators being proposed here do.
I think, from what we've been able to gather, that this is going to be a further-delayed project. What can also come into play is the state of those private bidders bidding under certain conditions now. They're probably going to want to change how those bids were done a few years down the line, and that's going to potentially delay the projects even more.