This is a theme, of course, that is pretty consistent across this Government: that it is pretty good at making announcements and expressing aspirations, as it has done on infrastructure, but when it comes to the delivery and the execution, it has been very poor. This is significant when it comes to the Crown's balance sheet, because, if we are going to accept that borrowing for infrastructure is going to occur, we need to be confident that we can look taxpayers in the eye and say we will do that in ways that are efficient, we will select projects that are valuable, and we will execute well. But the documentation from Treasury suggests that they have very real concerns about the ability of this Labour Government to deliver on those expectations. They have noted again and again that a significant proportion of infrastructure projects that Labour signs off for funding don't even have business cases attached. I think here of the light rail commitment which Jacinda Ardern made in a campaign; it was going to be delivered by 2021. The reason that investment has fallen apart so badly is that Ministers didn't even know what the objectives of that project were.