A new port is to be developed at Bremore near Balbriggan in North County Dublin, as a joint venture between Drogheda Port and a private company.
Transport and Marine Minister Noel Dempsey today briefed the Government that he intends to give Drogheda Port company permission to develop a joint facility at Bremore.
Legislation will have to be prepared and passed before the new port can go ahead.
Drogheda Port Company said today's Government decision was a positive move, and that they intend to move forward now with an Environmental Impact Statement, and hope to be in the planning process within a year.
Work on the plan began five years ago, and aims to develop new facilities at Bremore at an estimated cost of €210m.