€1.2bn higher education package unveiled

THE future success of the higher education system is crucial to Ireland's national development objectives, Taoiseach Bertie Ahern said yesterday.

As the Government announced a €1.2 billion package, Mr Ahern said the investment was a further demonstration of the Government's commitment to ensure third-level institutions will be able to contribute fully to securing our future prosperity.

The package includes a €900 million building fund to develop faculties for engineering, IT, science, technology, tourism and arts. A further €300m allocation will drive innovation across the sector.