Dublin Institute of Technology has said it is determined to press ahead with developing a campus on the 73-acre Grangegorman site.

This is despite news that Exchequer funding for the project is being postponed - details of reduced capital funding were revealed today.

The big losers are major projects at Third Level.

All projects where contractual commitments have not been entered into will not now be advanced during this period.

The Department of Education has been given an overall capital budget of €2.2bn for the next five years.

That equals an average annual allocation of €440m - this year's capital budget for education was €500m.

Minister for Education Ruairi Quinn said the Government has to prioritise school building projects given the recent dramatic boom in births.

The Department of Education estimates that total enrolment at primary and second level schools will grow by almost 70,000 pupils by 2018.

The DIT said today that it would look to private sources for funding to proceed with the Grangegorman project.