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€1bn building plan

PROPOSALS to invest €1bn in the Irish Construction sector would result in the creation of 10,000 jobs, it's been claimed.

The Construction Industry Federation (CIF) said such the stimulus package would make up for the major cuts in capital spending that has had an "extreme impact on the construction sector". It's understood that the Government is currently considering the creation of a €1bn fund in a bid to rejuvenate the construction sector and provide a major jobs boost.

Reacting to the news, the CIF said such investment programme would represent a "very progressive measure".