First sod turned on Ebrington Hotel site in Derry - Highland Radio - Latest Donegal News and Sport highlandradio.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from highlandradio.com Daily Mail and Mail on Sunday newspapers.
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The Derry/Londonderry and Strabane City Deal has moved a step closer with the signing of the Heads of Terms.
Some £210m in funding is being provided equally by the Executive and the Westminster Government, as well as a further £40m investment from Derry City and Strabane District Council.
It is set to support the new Graduate Entry Medical School at Magee as well as projects in digital communications.
Northern Ireland Secretary Brandon Lewis Secretary, alongside Executive ministers, and local partners, signed the Heads of Terms on Wednesday.
Mr Lewis said the funding is to support and encourage economic development across the region, create jobs, boost opportunity and encourage further inward investment.
UK Government signs agreement for £250m investment in the North West gov.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gov.uk Daily Mail and Mail on Sunday newspapers.