Minister for Transport, Tourism and Sport Leo Varadkar has launched the Dublin Port Company's Masterplan for 2012 to 2040.

The plan sets out the framework for the long-term development of Ireland's largest port.

It involves massive redevelopment of the port, doubling its capacity over the next 30 years.

Implementing the plan will cost in excess of €600m over the next 30 years and will be financed from the company's own resources.

The launch of the Masterplan follows a year-long consultation with business, community, industry and Government stakeholders.

It is hoped it will boost exports and create jobs.

Dublin Port Company has already committed to invest €110m over the first five years of the Masterplan period.