The Cabinet is to sign off on 170 million euro in funding for the Waterford North Quays Development this morning.
It will allow Waterford City and County Council to appoint a new developer after Falcon Real Estate, backed by Saudi money, failed to meet its funding timetable.
The project includes a 15 storey hotel and conference centre, twin blocks of office space and 300 apartments.
A new train station, transport hub and pedestrian bridge is also being built across the river Suir as part of the most ambitious development ever seen in Waterford.
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