Funding of €9 million is being provided for essential conservation works at the Iveagh Markets on Francis Street in Dublin's Liberties.
The money is being allocated to Dublin City Council under the Government's Urban Regeneration and Development Fund.
Last week, RTÉ's Prime Time reported on the decaying site, where large sections of the walls are damaged and the interior is overgrown with greenery.
The markets were built in 1906 and given to Dublin city as a gift to the people by the Guinness family.
They have been closed for 27 years.
An Taisce identified the site as one of Ireland's most at risk buildings.
In a statement, Dublin City Council said that "an initial work programme of clearance, propping and making safe [the Iveagh Markets] will be undertaken in the coming months.
"This will provide secure access to all areas of the structure for investigation and surveys. The main stabilisation works will begin in 2024".
The council said it has appointed architects to oversee the works.
They will include:
- Repairs to the roofs, valleys, internal gutters, parapet and large roof lights of the wet and dry markets.
- Repairs/reinstatement of the rainwater disposal system.
- Manage vegetation growth to the site and its structures.
- Protect and secure the windows and door.
- Provide safe access to structures to facilitate a regular inspection and maintenance.
Dublin City Council said it is involved in a number of legal proceedings in relation to the Iveagh Markets which are before the courts and will be making no further comment.
