The Government is to launch its €115bn ‘Ireland 2040’ plan later today.
The document will outline how Ireland should develop over the next 20 years and where big capital spending will be done.
It will be launched in Sligo after a special Cabinet meeting.
There are two plans being launched today, the National Planning Framework and the National Development Plan.
Together they form Project Ireland 2040 – the Government’s vision for how to develop the country over the coming decades.
The government is expected to put aside money for the re-development of Waterford’s North Quays and more new schools nationwide.
There will be a big focus on housing with the Government expected to commit to building more than half a million homes up to 2040. A new housing body will also be announced to have a focus on land hoarding.
Health will get a big investment with three new hospitals in Dublin, Cork and Galway to deal with surgery waiting lists.
A second runway at Dublin Airport and a new control centre will be developed there, while the Government have committed to building the M20 motorway from Limerick to Cork.
A DART extension to Drogheda and Metro North in Dublin will be announced, while Athlone to be dubbed capital of the midlands, with extra importance to be given to developing Sligo as well.
The new Children’s Hospital, new IT systems for the HSE and money to replace the Garda Pulse system will be included, while the Defence Forces will get two new maritime aircraft to patrol the seas post-Brexit.
However, the plan has been politically sensitive with claims it leaves out rural Ireland by focusing on urban areas.
Meanwhile, the CEO of Waterford Chamber of Commerce says 60 to 70 million euro in government funding is a small price to pay for the development of Waterford.
That’s the amount of money needed to support the redevelopment of the North Quays.
The Alhokair group plans to invest €300 million in the project as well as the Michael Street Shopping Centre.
It’s expected the government’s Capital Expenditure Plan will be approved at a special cabinet meeting on Friday.
Gerald Hurley says it’s “about time Waterford got its fair share”.
He added that it’s not that much money when you consider the foreign direct investment that will result from this infrastructure being put in place “it’s a small price to pay for the development of Waterford”.