IKEA has said that construction of its Dublin store will be completed in January next year and ready to open for business in February.

'We are hopeful that the relevant roadworks on the M50 can be completed to enable the store to open as soon as possible after that date,' a spokesperson for IKEA said

The National Roads Authority responded to IKEA's announcement by saying that €1bn in taxpayers' money is being invested in the upgrade of the M50, and it should not be wasted to satisfy the needs of one private entity.

An NRA spokesperson said IKEA is aware of the construction schedule on the M50, and it has made its own decision to go ahead with its own construction schedule.