An investment of €5.1 million has been announced for the Tarmonbarry and Rooskey area.
€1.5 million out of the total funding has been earmarked for the development of a new greenway following planning approval by Roscommon County Council.
The project will see 7.8 kilometres of shared cycleway and walkway constructed across townlands in the area along the former railway line.
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The remaining €3.6 million has been awarded to Bord na Móna by Fáilte Ireland's Regenerative Tourism and Placemaking Scheme to expand walking and cycling trails.
Local councillor Tom Crosby has been welcoming the investment - as he told Eoghan Murphy:
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