Cork is set to receive €30m from the European Investment Bank to develop the deep-water port in Ringaskiddy.
The Irish Independent reports that the port is currently going through an appraisal process, the funding is expected to be secured later in this year.
It will be used to expand the harbour, the total cost of the project is expected to be €88m.
A spokesman for the European Union's bank commented on the funding: "The EIB expects to support the project later this year and this follows a €100m loan to the Port of Dublin agreed last December."
______________________________________________________
British prime minister David Cameron has warned that Britain leaving the EU would damage the Northern Irish economy and lead to job losses in the six counties.
Speaking at the Bushmills distillery and later at a gathering of farmers in Ahoghill, Co. Antrim, he warned that the negative effects that an EU-exit would have in Northern Ireland.
"The work being done between the Assembly government and the British government, that is going well. The relationship between the Republic of Ireland, that is going well, and so I want all those things to continue.
"My side of the argument, the Remain side of the argument, part of our case is we have got economic strength – we have got political stability. Let’s build on that by staying in a reformed European Union," the British PM said.
______________________________________________________
Leaving the EU would result in "a decade of damaging uncertainty", according to Whitehall officials.
In Government analysis seen by The Guardian, Cabinet Office officials said the process of agreeing withdrawal and setting up new trade deals would hit financial markets, the pound and affect two million ex-pats.
Cabinet Office minister Matt Hancock said: "This government analysis shows that leaving the EU would lead to a decade of damaging uncertainty. The risks to our economy are clear and would leave the jobs and prosperity of the British people dangerously exposed."
Its release will further fuel accusations by pro-Brexit campaigners that David Cameron and allies are resorting to "fear" tactics to secure a "remain" vote in June's referendum.
______________________________________________________
Talks aimed at averting industrial action at the Luas won't go ahead today after they were cancelled before they had even begun on Friday.
Escalating differences in a row over pay hikes of up to 53 percent mean that talks at the WRC have been shelved.
Luas drivers will now down tools on March 8th and St. Patrick's Day and further strike action may be on the cards after that.
SIPTU is denying claims by management that drivers are using extended toilet breaks to disrupt the service.
