05 July 2002
It represents the first phase of the Reform and Reinvestment Initiative agreed with Westminster two months ago.
The largest single project is a £58m cancer centre, while a further £27m will be spent on increasing capacity in six hospitals.
Some £93m is going to schools, including £11.5m to build three special schools for children with physical or learning disabilities. An extra £50m is allocated through a public-private partnership to improve research infrastructure at Queens and Ulster universities.
Spending on infrastructure includes £23m for modernising water and sewage systems, £12m for a gas pipeline for a new power station, £39m for roads and £5m for the purchase of 40 buses.
The funds come from £125m in Treasury loans, £145m from the Executive and the rest from private support and departmental budgets.
PFjul2002