Latest: 'Rising costs' to blame for €1bn price tag for national children's hospital

Latest: It has been confirmed the cost of the new national children's hospital will be over €1bn - more than one and a half times the last estimate in 2014.

Update 4pm: It has been confirmed the cost of the new national children's hospital will be over €1bn - more than one and a half times the last estimate in 2014.

The Cabinet approved the project today, with the foundations to be laid within weeks at the site next to St. James's Hospital in Dublin.