The government has launched the National Planning Framework with 116 billion euro of investment announced.
There's 22 billion for measures to tackle climate change as well as large investments in health, housing, education and transport.
Project 2040 was formally approved by Taoiseach Leo Varadkar and his ministers at a special Cabinet meeting in Sligo.
This is a plan that aims to prepare the country for a population expansion of around one million people over the next 20 years. The plan also aims to have an extra 660,000 people at work.
The Government announced four new funds totaling €4bn for "rural and urban growth, climate action and innovation".
Minister for Rural and Community Development Michael Ring says some of the projects included are major improvements to the N4/N5 including on the Westport to Turlough section, the Ballaghadereen to Scramogue section and the extension of the motorway from Mullingar to Longford.
A special Rural Regeneration Fund worth €1 billion nationally to be administered and will involve targeted investment in towns, villages and townlands in Mayo.
A significant investment package in Ireland West Airport Knock in recognition of its strategic importance as a major regional airport.
An Urban Regeneration Fund which will see significant investment in rural towns with a population of over 10,000 such as Castlebar and Ballina as well as our major cities.
€19.4 million to be invested in new sewerage schemes for Foxford, Charlestown and Killala.
4 new consultants will be recruited at Mayo University Hospital as part of the national trauma care strategy.
€3.5 million investment in GMIT Castlebar campus.
New cycling and walking trails in Ballycroy as well as Major improvements to the Ceide Fields Visitor Experience.