Thursday 18 October 2018

WATCH: €116bn plan, 500,000 new homes and €2bn urban regeneration... Project Ireland 2040 is finally unveiled

Independent.ie Newsdesk

Independent.ie Newsdesk

The countdown is over - Project Ireland 2040 is being unveiled today.

The €116bn plan hopes to see the construction of 500,000 new homes over the next two decades and €2bn for the regeneration of the country's five main cities.

The plan has undergone radical reworking when compared with a draft version that was released last year.

The plan divides the country into three regions and states 75pc of population growth over the next two decades should occur outside Dublin.

Dublin, Cork, Galway, Limerick and Waterford are designated as the urban centres for expansion, meaning they get extra attention when it comes to infrastructure investment.

Sligo, where the plan is being launched, gets special status as a `regional centre', as does Letterkenny in Co Donegal. Despite complaints from other towns, Athlone is to be the `capital of the midlands'.

Watch the launch LIVE above

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