Updated 12.40

The Finance Minister says the National Asset Management Agency can deliver half the housing needed in Dublin and surrounding areas over the coming years. 

The agency is to build 22,000 homes in Dublin over the next five years.

A review of NAMA published today says the agency is meeting its objectives and is still necessary - and will have at least 80% of its work done by the end of 2016, two years ahead of schedule.

Meanwhile, the agency is to develop the Dublin Docklands with office, retail and residential space that would rival London's Canary Wharf or Boston's Seaport.

Finance Minister Michael Noonan says the development has the potential to create huge numbers of jobs:

Hear Minister Michael Noonan's interview with Newstalk's Lunchtime show here.