The Rural and Community Development Minister has welcomed commitments made in the National Development Plan to complete the Ulster Canal project.
The scheme is included in the €165 billion infrastructure plan.
The National Development Plan makes several pledges to completing the Ulster Canal, which is described in the Plan as a "landmark sustainable tourism and recreation amenity for the central border region".
In April of this year, €12 million in funding was announced for Phase 2 of the Ulster Canal project between Clones and Clonfad.
The Shared Island Fund is providing a further €1m for Phase 3 of the project - linking Clonfad to Castle Saunderson.
Speaking after the Cabinet meeting on Monday, Minister Humphreys said "the Ulster Canal will represent a unique, flagship cross border project which will bring huge economic benefits to the region".