Plans for a large digital park in the Liberties-Coombe area of Dublin with the potential for 7,000 jobs will be presented to Cabinet shortly, a Government spokesman confirmed last night.
Companies involved in new media, film, graphic design, music and advertising will be housed in the centre which will cost about £100 million to build. One of the anchor tenants is expected to be the Massachusetts Institute of Technology's Media Lab centre.
The spokesman said the local community would be consulted in the next few weeks.
The park will be larger than the International Financial Services Centre. It will stretch from the Guinness Brewery at St James's Gate to St Patrick's Cathedral and the Four Courts. The former secretary-general of the Department of the Taoiseach, Mr Paddy Teahon, is understood to be in charge of the project.