Infrastructure Minister Liz Kimmins has given the go-ahead for the Queen's Quay replacement project in Derry, permitting the initiative to proceed through its next stages of development.
The approval enables the scheme to advance through design work, environmental assessment, planning applications and business case formulation.
Progress on the quay will support the Department's aim to create a long-term solution for the waterfront that fits within the broader vision for the riverfront.
The project is being developed in tandem with the Central Riverfront Project to ensure a unified approach to future city regeneration.
Working together on these initiatives will facilitate progress on active travel routes, flood resilience measures and improved connectivity while maintaining close collaboration with partners.
The Department is advancing the Central Riverfront Project in partnership with Derry City and Strabane District Council under the Derry and Strabane City Deal programme.
Current feasibility estimates suggest a potential project value ranging from £36 million to £45 million, pending further design work and approvals.
No procurement or construction commitments have been made at this stage, and any future progression remains subject to funding, approvals and statutory processes.