Authorities from both the north and the south collaborated to commission the All-Island Strategic Rail Review, whose final report outlines a vision for the year 2050.

It is projected that the 32 recommendations in the assessment will cost between €35 and €37 billion to execute by 2050.

Among these is a proposal to build new lines and reactivate old ones in order to expand the island's rail network from 2,300 km to over 3,000 km.

A rail station would be within 5 km of an extra 700,000 people if all the proposals were implemented.

According to the evaluation, new lines would connect Mullingar to Cavan, Monaghan, Armagh, and Portadown in the north midlands, as well as Portadown to Dungannon, Omagh, Strabane, Derry, and Letterkenny in the northwest.

Reopenings would also include the South Wexford Railway, which connects Wexford to Waterford, and the Western Rail Corridor, which runs from Claremorris and Athenry.

A large portion of the single-track network will be converted to double tracks, and plans to link Shannon, Belfast, and Dublin airports with the rail network are also included in the vision.

Journey times on the new 200 km/h intercity trains would be shortened, perhaps even halved.

Additionally, there would be more regular service; hourly trains connecting cities are advised, while services on regional and rural lines should occur at least every two hours.

The assessment calls for decarbonisation by establishing a net carbon zero system with new electric trains and overhead electrification of intercity lines.

Eamon Ryan, the minister of transport, and John O'Dowd, the minister of infrastructure for Northern Ireland, will release the final report in Dundalk.