Minister of State Fergus O'Dowd has said that an announcement by the Government was imminent in relation to the establishment of the NewERA project (Economic Recovery Authority).
Speaking on Raidió na Gaeltachta, he added that the project would create new jobs and improve infrastructure in the country, in particular in the area of water.
The authority will have three main areas of focus - broadband, energy and responsibility for a new Irish Water Authority.