The Irish Government has announced a €377 million investment package through the Shared Island Fund to support 12 new projects aimed at strengthening connectivity, sustainability, public services, and economic development across the island of Ireland.
The latest funding brings total allocations from the Shared Island Fund to more than €1 billion. The projects will be delivered between 2026 and 2030 and include major investments in rail infrastructure, renewable energy, environmental protection, education, healthcare, and tourism.
A significant share of the funding will support transport links, including a €193 million contribution toward rail upgrades connecting Dublin, Belfast, and Derry. The investment will improve capacity, reliability, and journey times, while a further €35 million will maintain the hourly rail service between Dublin and Belfast through 2030.
The package also includes €40 million for a new Shared Island Offshore Renewable Energy Ports Development scheme. The programme aims to strengthen port infrastructure across Ireland and Northern Ireland, supporting offshore wind development and creating stronger renewable energy supply chains.
Environmental projects are another major focus, with €33 million allocated to a Lough Neagh Catchment Water Quality programme. The initiative will support efforts to reduce pollution, restore ecosystems, and improve water quality through cooperation across jurisdictions.
The investment package also supports the restoration of the Ulster Canal, with €30 million committed to the next phase of the cross-border blueway project. Additional funding will promote industrial sustainability, digital creative industries, early learning, and childcare skills development.
Healthcare cooperation will receive new support through funding for cancer services, paediatric healthcare networks, and specialist medical capacity. Tourism and cultural projects will also benefit, including support for the Great Lighthouses of Ireland initiative and docklands development partnerships between Cork and Belfast.
Sporting infrastructure is included in the investment plan, with €3.5 million allocated to redevelop cricket facilities at Stormont in Belfast ahead of the 2030 Men’s T20 Cricket World Cup, which Ireland and the UK will jointly host.
Government leaders said the package reflects a commitment to building a more connected, sustainable, and prosperous future through cooperation between communities across the island.
The Shared Island Initiative continues to support projects designed to strengthen collaboration, improve infrastructure, and create long-term benefits for people across Ireland.
