Media speculation suggests that Irish pension funds have indicated they would be prepared to invest €6b in a range of State infrastructure projects.
The plan is intended to secure about 70,000 jobs in the construction industry over the next three years.
The pension funds would invest in a State infrastructure bond that would provide finance for the infrastructure projects such as the building of roads, railways, schools, hospitals and utility projects.
The funds would receive a return on their money over a period of possibly 20-25 years at a rate above that paid on Government gilts.