Development of the Ulster Canal and a new marina in Co Monaghan.
These are all part of a ten year plan launched by Waterways Ireland today.
The project, which is currently in phase two and expected to reach completion in 2028, will receive €120 million in capital funding and create 100 indirect jobs as part of the project.
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Our reporter Jodie Curran spoke with Sinn Fein's Pat Treanor and began by asking him about his thoughts on the announcement: