A new proposal to build the National Children's Hospital at the Phoenix Park Racecourse could save the State €210m in building costs.
Dublin-based firm Flynn and O'Flaherty estimates its plan would cost €440m overall, compared to the €650m for the rejected Mater Hospital development.
The proposed eight-acre site, which has full planning permission for up to nine storeys, has been submitted to the Health Minister James Reilly and the hospital review group.
A spokesperson for Flynn and O'Flaherty, Denis Doherty, has said the site has important planning and structural advantages over other proposals.
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