It appears to be going ahead...
"A total of €867 million will be invested in the National Roads Programme this year, Minister for Transport Pat Carey confirmed today.
This compares with a €1.115 billion investment in the programme last year.
Schemes starting this year include the Belturbet, Longford and Tralee by-passes and the Cork Southern Ring Road Interchanges.
Also scheduled to get under way are new projects covering the N7/N11 at Arklow, Rathnew and Newland Cross, the M17/18 Gort to Tuam, the N87 Ballyconnell Relief Road and the N4 Downs Grade separation."http://www.irishtimes.com/newspaper/breaking/2011/0124/breaking52.html
This is surprising, isn't it?