Figure 9.
The image shows a simple organisational and funding structure diagram. At the top, a box labelled H M Treasury funding connects downward to a central box labelled H S 2 Limited. From H S 2 Limited, two branches extend downward. The left branch is labelled construction contract and leads to a box labelled construction contract. The right branch is labelled operation and maintenance contract and leads to a box labelled operation and maintenance contractor. The layout shows H M Treasury providing funding to H S 2 Limited, which then manages separate contractual arrangements for construction and for operation and maintenance activities.Model 1: scenario A and traditional financing